A precise comparable sale is very hard to find, since no two properties can be fully similar. While we are not talking about the uniqueness of a genetic code here, there still is hardly a chance for two properties to completely replicate each other. Why I am saying all this? In all honesty, it’s to introduce the need for a property appraiser and his many methods of adjustments. Is your curiosity piqued? Fair chance it is!
So allow me to elaborate on the subject and really surprise you with some of the lesser-known facts of property appraisal adjustments.
In an article for the website Your Investment Property, Phil McCarroll writes that the cumulative effect of various factors at work could see prices rising steadily in Sydney. The scarcity of residence-ready land and the hike in construction costs could enhance home prices a great deal.
In an article for the website Property Observer, Jonathan Chancellor talks about Glenn Stevens’ viewpoint regarding Sydney house prices and prevailing interest rates. The property values in the harbour city have already witnessed a hike of around 33% since the year 2012.
I read an interesting piece on the website realestateview.com.au. I will go on to say that most of the findings the article talks about is in sync with my expectations. The article is about the aspirations of buyers when they are searching for a home.
Algorithms can set world’s top search engine in motion but they fail to assess a property’s worth effectively. This is the reason why online property valuations have ignited a fair bit of controversy all across Australia. An article on Your Investment Property sheds light on the issue.
