What is the right method to do a rough house value calculation before you offer a price ?
Is it land value + current value of house ??
And how do i calculate the current value . Is it the cost of building the house new and then depreciate it by the number of years the house has been built. What is the depreciation rate of ATO ? Is it 2.5% ?
Personally I would look at comparable sales in the area and take a drive past theses properties to see how they compare.
House and land replacement values might not relate to what the market believes the property is worth.
Cheers,
Simon Macks
Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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