Ergomike replied to the topic Determining property value in the forum Help Needed! 10 years, 6 months ago
Thanks for your feedback
Ergomike started the topic Determining property value in the forum Help Needed! 10 years, 6 months ago
Hi All,
I have a property that has recently been valued by 2 independent valuers at $1.5M. There are 7 units currently rented out on 12 month leases with a total return of $125K less leasing fees. The property is located in the CBD of a major regional town in Victoria > 150,000 people.
Is this valuation unusual, given that the return is >8% ?
I…[Read more]