A Detailed Guide to Property Valuation in Melbourne: Key Insights and Methods
Property valuation is a crucial element in the Melbourne real estate market. It ensures that property transactions are conducted fairly and that buyers, sellers, and investors have a clear understanding of a property’s worth. This guide will provide an in-depth look at property valuation in Melbourne, covering the methods used, factors that influence valuations, and the benefits of accurate property assessments. What is Property Valuation? Property valuation is the process of estimating the market value of a property at a