Related Party Transfer Property Valuations
Transactions between related parties includes any assets that are to be purchased/sold between related family members, spouses, or any kind of partnership. A property valuation required for related party transfer is required by the Western Australian government to ensure that the subject property is being transferred at its correct market value. An independent property valuation is required by the government to be performed as reasonable evidence of the assessment of the transaction.
At Perth Property Valuers, we are dedicated to providing our clients with expert advice and premium services across the Perth metropolitan area. As such, we are specialised in all areas of residential, commercial, and industrial property valuations. Seeking a property valuation for related party transfer will provide you with certainty, accuracy, and transparency of the subject property’s current market value.
When transferring s property from one related party to another, it is important to seek out an independent property valuation by a certified valuer under the Land Valuers Licensing Act 1978. As such, this will guarantee an unbiased and fair market value of the property that reflects the subject property and its local property market.
When completing an inspection for related party transfer, the certified valuer will take into account the following:
- Building condition
- Property orientation i.e. street view
- Proximity to shopping districts and public transport
- Land value
- Environmental factors and potential risks
- Any ancillary improvements
- Local market volatility
As an independent property valuation company, Perth Property Valuers will provide an unbiased property valuation based on over 200 variables to determine the current value of the subject property. In turn, our clients receive a property valuation based on evidence that is eligible to be submitted to the Western Australian government to determine the correct tax payable.
Related Party Transfer Property Valuers
At Perth Property Valuers, we have a certified team of property valuers who are qualified to perform an independent property valuation for related party transfer purposes. As such, a certified valuation will be eligible for submission to the government to determine your stamp duty obligations.
We have a team of certified property valuers who are experienced with providing valuation services across all property types, including residential, commercial, and industrial. In turn, our property valuers have all undergone extensive training with the Australian Property Institute (API) to receive certified qualifications to perform comprehensive and transparent valuations.
Each of our property valuers have a minimum of 20 years’ experience and have a unique insight into Perth’s local property market. Our team of property valuers take pride in performing quality valuation services to clients and do so by undergoing extensive research and information gathering to determine the correct market value.
If you require a property valuation for related party transfer purposes, feel free to contact our team directly on (08) 9468 3202 and speak to one of our expert team members. Alternatively, please complete an online contact form and we will be in touch shortly.