A current market valuation is an independent assessment of the price a property would realise in an arm's length transaction between a willing buyer and a willing seller, as at the date of inspection. It is prepared to the same standard as a retrospective report — full inspection, comparable sales evidence, a stated methodology and a signed certification — but the effective date is today rather than a date in the past.
Whenever a property moves without an open-market sale, the ATO substitutes market value for the stated consideration. These are the situations we are engaged for most often:
The direct comparison approach carries most residential valuations: settled sales of genuinely comparable properties, adjusted for date, location, land area, condition and improvements. For income-producing commercial property we also apply the capitalisation of net income approach and cross-check the two.
A market appraisal from a selling agent is not a substitute. The ATO, SMSF auditors and the courts all require an independent registered valuation.
Reports are issued as a signed PDF, formatted so they drop straight into your workpapers, audit file or court bundle.
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