– PROPERTY IDENTIFICATION
is to provide an indication of the means, other than street address,
by which the property has been identified. The Valuer should, where
possible, sight a cadastral map (in the ACT a block and section
map), deposited/registered/strata or unit plan, survey plan or other
document. Property identification by confirmation of lot and
plan/section number and/or reference to physical features such as
cross streets, public reserves or other features is required. Where
no such means other than street address has been used, the valuer
should indicate "identification not confirmed".
are not normally experts in survey matters and therefore no part of
the report should be construed as a survey report. If the valuer's
inspection indicates there is a reasonable possibility of any
encroachment over easements or boundaries, it would be appropriate
for the valuer to recommend a survey report to clarify the issue.
TITLE SEARCH BEEN SIGHTED?
requires either a 'yes' or 'no' answer to inform the lender if the
Valuer has had the benefit of a search, however obtained. It in
itself is not indicating any requirement for the Valuer to carry out
a search. If the answer is 'no', the lender could consider obtaining
a current title search to confirm appropriate content in the valuer's
should provide an indication as to whether the development is
considered (subject to confirmation by appropriate certificate) to be
a permitted development and use. Note should also be made as to
whether the zoning has any significant adverse effects on the
property. Any proposed rezoning directly or indirectly affecting the
property should be noted.
requires a statement as to the position of the property relative to
the nearest town centre (CBD) and, if not a significant town,
distance to the nearest main town or regional centre. It should
indicate distances from other features such as schools, public
transport and beaches. It does not require a description of the
locality (this is provided under neighbourhood).
requires a description of the immediate locality and neighbouring
development, drawing particular attention to any positive or negative
features or aspects that impact on the value or marketability of the
property including significant demographic changes.
DESCRIPTION & ACCESS
requires a brief description of the shape and topography of the site,
its relationship to road level, its suitability for building, its
aspect and any significant views, adverse outlooks or 'features' as
relevant. Access should be described if difficult legally, physically
or due to traffic.
notation of the utilities connected to the site or those provided
on site such as septic, bottled gas or tank water. It also
requires detail on street surfacing, kerbing and guttering and