Property Valuer Methods Explained: Understanding the Essentials
Overview of Property Valuation Methods Property valuation is a critical process for various stakeholders, including investors, homeowners, and financial institutions. Property valuers Sydney use several established methods to determine the market value of a property. This article explores the three primary valuation methods: sales comparison, cost, and income approaches. Sales Comparison Approach: The Market’s Perspective What is the Sales Comparison Approach? The sales comparison approach is a widely used valuation method in the real estate industry. This approach determines a