Types of Property Valuations - What You Need To Know

Desktop Valuation

Pros:

• Budget-Friendly

  • Typically the most affordable option.

• Quick Turnaround

  • No site visit required—results often delivered in minutes.

Cons:

• No On-Site Check

  • Doesn't reflect the property's physical condition or recent updates.

• Less Reliable in Unique Markets

  • Not ideal for unusual properties or areas with little sales data.

• Limited Loan Use

  • Often unsuitable for construction, high-risk loans, or high LVR scenarios.

Kerbside Valuation

Pros:

• Exterior Inspection Adds Accuracy

  • The valuer assesses the outside condition of the home.

• Non-Intrusive

  • Great for tenanted or occupied properties—no need to access the inside.

Cons:

• No Interior Review

  • Misses renovations or internal issues that impact value.

• Not Ideal for Complex Cases

  • Less useful if the property is unique or data is limited.

• Exterior Can Be Misleading

  • A fresh paint job won’t show hidden issues inside.

Full Valuation

Pros:

• Most Comprehensive

  • Includes internal and external inspections for a full picture.

• Used for High-Stakes Lending

  • Trusted by lenders and courts for accuracy and reliability.

• Backed by Local Data

  • Often includes detailed market insights and sales comparisons.

Cons:

• Highest Cost

  • Most expensive type of valuation.

• Takes Time

  • Can span several days to complete.

• Access Delays

  • If tenants or owners aren’t available, it can slow things down.