Forums / Property Investing / Help Needed! / method to valuate townhouse land valuation

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of JohnJohn
    Participant
    @john_eb762791
    Join Date: 2019
    Post Count: 0

    G’day fellows,

    I am new to the whole world of investment, and i am still learning. :)

    Can i ask if I would like to buy a townhouse, is considering the land valuation worth doing it? if so, what’s the right way to calculate the approximation of the land value?

    For example, on qld land valuation site (https://www.dnrm.qld.gov.au/qld/environment/land/title/valuation/search) , the land is 1.5ha and valuate at $4,100,000 and the townhouse has 392m2 of land and the building is 20yo. I wonder what method you guys evaluate to spot if the asking price is a good deal or bad deal?

    Thanks in advance.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,847

    You look for comparable sales – ie other 3 bedroom townhouses nearby.

    Land value means precious little unless the site is massively underdeveloped.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.