Putting a price on property
Is property valuation an art, a science, or both?
In this episode, host Phil Tarrant is joined by Finni Mortgages’ Eva Loisance and Gareth Woodham, a certified practising valuer from Augmen Consulting, to delve into the world of property valuation, discussing how investments can be assessed not only for their current market value but their future potential.
Gareth sheds light on how valuers come to a determination of a property’s worth. He explains the many tools that can be used in the process – from desktop valuations to comprehensive site visits – and what it means to settle on the “true value” of a property.
Eva and Gareth discuss why discrepancies might arise between the price a purchaser is willing to pay and what a bank says it is worth. The trio also examine the relationship between valuers and mortgage brokers, and how the industries have changed over the past two decades.
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