Request
Could you do a kerbside market appraisal report for <address>?
This is for the SMSF tax return & audit.
The report will need:
- objective and supportable data - see attachment for an example - it would need to be as detailed as the example, including:
- cover letter as shown on page 2 of the pdf example
- comparative market analysis
- nearby comparable properties sold
- nearby comparable properties for sale
- price segmentation;
- peak selling period;
- appraisal market selling price of our property;
- market rental income of our property;
- our property details -
- address, owner, square metres, floor plan, sales history
- number of bedrooms, bathrooms, car spaces
- the market value is dated 30 June 20xx
- note these valuations will be audited to confirm
- the assets have been valued correctly,
- and assessing the basis of the valuation is appropriate
- note these valuations will be audited to confirm
- state in your cover letter/report that your occupation, role, position, and that you (a real estate agent) did an independent appraisal
Bibliography:
- Why assets need to be valued QC26343 Last updated 3 November 2022
- ATO approach to valuation QC26343 Last updated 3 November 2022
- valuer types QC26343 Last updated 3 November 2022
- General valuation principles QC26343
A valuation undertaken by a property valuation service provider, including online services or a real estate agent, would be acceptable. However, the valuation should stipulate the supportable data if it is the sole source of evidence being relied upon to substantiate the valuation. For example, in the case of a real estate agent appraisal or online report, the valuation should list the comparable sales it relied on.