Property valuation is nothing but calculation of the current market price of the property on which property valuation has been done. There are many misconceptions in the mind of property owners that property valuation is a service that should be undertaken at the time of selling of property only, but to be honest, it’s not!
Mr. White-Johnson was just as coy about a Toeless St section – which he said was one of two recently on the market in Little Kaiteriteri – which sold for between $400,000 and $500,000. A small piece of land in Monaco has sparked controversy among people wanting it for different uses but residents of the area have won their battle to see it retained as a public reserve. The Sea Scouts building has been there for about 40 years but the land is owned by the council and is frequently used by residents and visitors wanting to get to water.
Mr Newton told the meeting he had bought the building cheaply in the hope that he would be able to buy the land and build a house there, since it was zoned residential on council plans. However, council chief executive Viesturs Altments said it was only rezoned residential from its previous zoning of public utility by mistake. Since property valuation tells us about the actual value of the property it also helps the property owners to know the ways by which they can raise the price of the property and these ways includes improvement in the property like repairing, extension and restoration of the property.
So by undertaking the service of a qualified Perth Property Valuers the value of the property can be raised. The council has hammered out a still-secret deal with the Government to cover a cost over-run of up to $2 million on the $6.5 million project. Mr Hurley remained coy about the deal today, but said it would not cost ratepayers any more than they expected to pay when cleanup details were finalised last year.