New Construction & Progress-Draw Appraisals in Victoria
Builder, self-build, and infill construction appraisals in Victoria — as-if-complete valuation, draw inspections, and cost approach.
New construction appraisals in Victoria are typically ord…
New construction appraisals in Victoria are typically ordered as an as-if-complete opinion of value based on approved plans, specifications, and a fixed-price contract or detailed cost breakdown.
Progress-draw inspections follow the initial appraisal at…
Progress-draw inspections follow the initial appraisal at agreed construction milestones — usually excavation/foundation, framing/lock-up, drywall/finish, and final. Each draw is a short-form inspection report to the lender.
Cost approach carries real weight in Victoria new-build work
Cost approach carries real weight in Victoria new-build work: land value plus depreciated replacement cost of improvements provides a floor and a check on the sales-comparison conclusion.
Local drivers in Victoria
Local drivers in Victoria: Deep intra-neighbourhood comparable pool keeps standard mortgage reports at the low end of the range. Development charges, lot levies, and municipal fees differ across neighbouring municipalities and belong in the cost workup.
Turnaround runs 3
Turnaround runs 3–7 business days for the initial appraisal; each draw inspection is generally 2–4 business days once scheduled.
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