Show Notes
When it comes to property investment, here’s the million-dollar question: How do you ensure you’re getting the best bang for your buck? 💸
The answer?
Property Valuation! Making sure you’re not over paying for a deal!
This isn’t your typical real estate guessing game; it’s a strategic Art backed by Scientific precision. 🔬
Imagine the incredible skills you could acquire by tapping into the wealth of knowledge of a property valuer!
These folks live and breathe property prices, deciphering the secret language of the property market, what is on the market, selling off the market, trying to stack up the best price for this property!
Get ready to meet Sam Powell a property valuation king who navigates the intricate web of property prices day in and day out!
Is property valuation an art form? Is it a science? Or perhaps a bit of both?
The answer might surprise you! Join us for a mind-boggling exploration.
Topics we’ll be talking about include:
- Sam’s key insights on how property gets valued from a valuer’s perspective! This one is bound to be juicy and actionable.
- Insights on how this differs from a property investor’s “valuation”.
- How to add value to a property and how a valuer views this.
Episode Highlights
Property Valuation: Art vs Science
- 00:26 – Mastering Property Valuation to Avoid Overpaying
- 02:28 – The Impact of Rising Interest Rates and Inflation on Real Estate
- 04:07 – Australia’s Migration Surge and Its Effect on Housing Demand
- 14:37 – The Art and Science of Property Valuation
- 17:00 – Samuel’s First Investment: Flipping a Duplex
- 20:14 – A Beginner’s Guide to the Property Valuation Process
- 26:06 – The Crucial Role of Physical Inspections in Valuation
- 29:51 – Challenges of Underpriced Property Listings
- 34:55 – Valuers’ Reliance on 3 to 6 Months of Sales Data
- 36:46 – Exploring the Role of Robots and AVMs in Valuation
- 38:40 – The Subjectivity of Property Valuations
- 41:30 – Understanding Intrinsic Value in Property
- 43:01 – How Risk Factors Influence Property Demand and Borrowing
- 44:44 – Insights from Dean Parker’s Valuation Training
- 55:29 – The Confusion Over Bank Valuations and Purchase Prices
Episode Resources
Connect with Sam Powell: https://hellohaus.co/about
Connect Joe Tucker: https://propertyprinciples.com.au/
Join Aus Property Facebook Group: https://www.facebook.com/groups/Auspr…Â
Join the Newsletter: https://propertyinvesting.substack.com/
SUBSCRIBE: https://www.youtube.com/channel/UC2Hq…
Other Guests On Our Lives
Chris Gray, Amanda Farmer, Steve Palise, Nathan Birch, Todd Sloan, Cate Bakos, Mike Mortlock, Lloyd Edge, Karen Baldwin, Rob Flux, Kent Lardner, Charley Valher, Bernadette Janson, Pete Wargent, Melinda Jennison, Bushy Martin, Michelle Lewis, Peter Koulizos, Jane Slack-Smith, Joe Tucker, Jordan De Jong, Scott Aggett, Belinda Smith, Jef Miles and more.
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