Property Valuation 101: Understanding the 9 Key Factors That Affect A Property Price

In today’s episode, I'm going into property valuation 101 discussing how to price a property accurately and decide how much to pay for it. 

I'm going to help you understand the nine key factors that affect a property's price and in this hot Perth market, the quicker you can accurately determine a property’s market value, the quicker you can pounce to secure it.   

Now, there's a lot of investors in Perth at the moment looking to buy, so I thought this would be really helpful.

There are many factors that affect the current price but we also really want to look through to how saleable the property is if you ever come to sell and how rentable it is so you can find quality tenants even in a downturn. 

So let's go inside.

Resource Links:

• Get your Strategic Portfolio Plan and our help with Buying Your Next Perth Property  (https://www.investorsedge.com.au/invest-in-perth-property/)

• Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors)

• Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)

• For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)

• For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)

Episode Highlights:

1. Intro [00:00]

2. What’s the Most Important Factor in Determining the Market Price? [01:52]

3. Property Size and Layout is A Key Factor [04:05]

4. What Makes a Good Four By Two Property? [05:36]

5. The Third Key Point is the Property Condition and Presentation [08:18]

6. What the Market Trends Are in the Suburb [10:38]

7. Age and Construction Quality of the Property [12:12]

8. What is the Garden and Landscaping on a Family Home? [14:50]

9. What is Zoning and Land Use? [16:37]

10. How Do You Know if a Property is Going to Be Popular With Tenants? [18:43]

11. Outro [23:16]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

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