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Getting valuation from 3 years agoRyder [8 Posts] I have recently sold an investment property. It was a unit I have brought, lived in for a while, renovated and then rented out. My problem is that I now need to calculate whether I have to pay any capital gains. However, due to inexperience and stupidity I didn't get a formal valuation when I moved out. As I had done substantial renovations it was worth lot more than I paid for it. I did refinance soon after I moved out, but the bank won't give me the valuation. I have also asked the estate agent who sold it and he seems unwilling/unable to help. Any idea how I can get a retrospective valuation. I have thought about getting a street sales report from RP Data as I know the unit next door that was also renovated was sold soon after I moved in. Any idea if it would be good enough to use comparitive sales data ? Thanks duckster [608 Posts]  Just an idea - maybe a valuer can help you see http://www.nationalpropertyvaluers.com.au/services.asp for an example. Check your Rates notices from that time as the property value is listed also. Comments are of a general nature and may not be relevant to your individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.   Yossarian [77 Posts]  If you have the $ and details of the work you've done over time, a valuer can create a retrospective val. of the pre-reno worth. elkam [680 Posts]  Ryder wrote:
But surely they will tell you what it was valued at even if they are not willing to give you the valuation itself. Scott No Mates [794 Posts]  As most valuations are undertaken without full access to a property it shouldn't be an issue to establish the value of the property at a point in time. You have basic information - purchase price, reno costs, dates etc. go for it. |
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In The NewsAuctions - lonely affairs? The global crisis is creeping into the property market with auctions becoming lonely affairs and Melbourne clearance rates falling. No Housing Revival Just Yet! Auction clearance rates slumped again over the week-end leading experts to advise investors that they will have to wait another year for a revival in the housing market. RBA Slashes Rate RBA announces the biggest rate drop in 13 years - down 1%! Today's TipOnly 1 in 200 property investors owns more than 5 properties <more> Active forum topicsR-Zoning, What Does it Mean? Author: arthurong Are people still investing in such hard times Author: Dr.Spock Who's OnlineTake The Test
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