Fitzroy Legal Property Valuations

Providing Reliable Valuations Australia-Wide for all Legal Purposes & Courts

Meet David

David Fitzroy is a certified property valuer with over 20 years of experience providing accurate and defensible valuations for legal purposes across Australia. I specialise in valuations for court proceedings, family law and separation cases, dispute resolution, and compensation claims.
With extensive expertise in legal valuation protocols and standards, I provide impartial market valuations of real estate, businesses, machinery, licences, intangible assets, and other property. My valuations adhere to legal requirements and professional standards to withstand scrutiny in court and mediation.

Services

Real Estate Valuations

I provide accurate market valuations of residential, commercial, industrial, and rural real estate for legal purposes. This includes valuations for family law, property settlements, property tax disputes, compulsory acquisition, and insurance claims.

Business Valuations

I value private and public companies, partnerships, joint ventures, trusts, and other business entities. Business valuations establish fair market value for shareholder disputes, divorce cases, mergers and acquisitions, and litigation claims.

Compulsory Acquisition Valuations

I determine the compensation owed when governing authorities acquire private land and assets for public purposes. This requires in-depth analysis of special value, severance impacts, and other factors.

Family Law Asset Valuations

I impartially value all matrimonial assets like real estate, businesses, collectibles, stock portfolios, and more. This guides equitable distribution of property during separation and divorce proceedings.

Insurance Loss Assessments

For insurance claims from property damage, I assess the replacement value, depreciated value, and actual cash value of real estate, equipment, and other insured assets.

Expert Witness Testimony

I back up my written valuations by presenting them as an expert witness during trials, hearings, and mediation sessions. My testimony provides credibility under cross-examination.

FAQs

Most valuations are completed within 7-10 business days from inspection to delivery of the final report. Urgent valuations can sometimes be completed within 3-5 days.

To get started, I require the property address, list of assets requiring valuation, purpose of valuation, and any other background documents relevant to the case.

Yes, I am experienced in providing expert testimony on my valuations and can represent them in court as an expert witness if required. My testimony helps resolve disputes and achieve fair outcomes.

Absolutely. My valuations strictly adhere to legal standards so they withstand cross-examination and hold up in court or mediation. I am proficient in legal valuation protocols.

Contact Us

Please get in touch to discuss your legal valuation needs. I am available for consultations Australia-wide.

Get In touch

Valuation Advice

Valuer inspecting mining equipment for plant and equipment valuation in WA

Why Do Mining Companies Rely on Plant and Equipment Valuation in WA?

Western Australia is Australia’s mining powerhouse, with billions invested annually in exploration, production, and infrastructure. From large-scale machinery to specialised processing equipment, these assets form the foundation of mining operations. To protect investments and meet compliance obligations, companies turn to professional Plant and Equipment Valuation Perth services.

Accurate valuations ensure that mining companies not only safeguard assets but also optimise financial strategies in one of the state’s most critical industries.

 

Why Mining Companies Need Valuations

Regulatory and Compliance Requirements

Mining businesses must comply with strict reporting obligations under Australian Accounting Standards. Valuations provide reliable figures for financial statements, audits, and taxation.

Insurance Coverage

Heavy equipment such as excavators, crushers, and haul trucks represent multi-million-dollar investments. Valuations ensure these assets are insured at the correct value, avoiding underinsurance or inflated premiums.

Financing and Capital Raising

Mining projects often require significant funding. Banks and investors rely on defensible valuations of plant and equipment to approve loans, evaluate collateral, and assess project viability.

Asset Transactions

Buying, selling, or leasing mining equipment requires transparency. Independent valuations establish fair market value, protecting both buyers and sellers in high-stakes negotiations.

 

Benefits for WA Mining Operations

  • Financial Clarity: Provides a true picture of asset values
  • Risk Management: Identifies ageing or underperforming machinery
  • Stronger Negotiations: Offers evidence-based figures for transactions
  • Strategic Planning: Informs replacement cycles and long-term investments

 

What Valuers Assess in the Mining Sector

Professional valuers consider:

  • Age, condition, and maintenance history of equipment
  • Market demand for specific machinery types
  • Technological advancements affecting value
  • Comparable sales and replacement costs
  • Broader WA mining industry trends and global commodity prices

 

Why Local Expertise in Perth Matters

WA’s mining industry is shaped by global markets but grounded in regional realities — from iron ore hubs in the Pilbara to goldfields in Kalgoorlie. Local valuation experts bring an understanding of these nuances, ensuring reports are both accurate and relevant. A professional Plant and Equipment Valuation Perth reflects the unique demands of mining operations in WA.

 

Conclusion

For mining companies in Western Australia, valuations are more than a formality — they are essential for compliance, financial planning, and risk management. Professional Plant and Equipment Valuation Perth services provide clarity on asset values, ensuring mining businesses can protect investments, secure funding, and plan strategically in an ever-changing industry.

Property valuer reviewing documents for CGT valuation in Queensland

Understanding Retrospective Property Valuation for Capital Gains Tax in Queensland

When it comes to capital gains tax (CGT) in Queensland, getting the right numbers is essential. If you’ve sold or plan to sell a property that wasn’t your main residence—or if it changed use during your ownership—you may need a retrospective valuation to determine your CGT liability.

This article explains what retrospective property valuation is, when it’s required in Queensland for CGT purposes, how it works, and why it must be completed by a qualified professional.

 

What Is a Retrospective Property Valuation?

A retrospective property valuation determines the market value of a property at a specific date in the past. This value is used to calculate the property’s cost base for CGT purposes when records are missing, or when the ATO requires a market value substitution.

It provides a legal and justifiable basis for determining capital gains on:

  • Investment property sales
  • Change of use (e.g. from home to rental)
  • Inherited property disposals
  • Family law settlements or transfers
  • Gifting or related-party transactions

 

When Do You Need a Retrospective Valuation in QLD?

You may need a retrospective valuation when:

  • You converted your main residence to a rental property
  • You inherited a property and plan to sell it
  • You gifted or transferred a property to a related party
  • The property was acquired before CGT documentation was required
  • You lost your original purchase records
  • The ATO requests substantiation of your CGT cost base

For CGT, the valuation date is usually:

  • The date of change in use (e.g. when the property became a rental)
  • The date of death for an inherited property
  • The date of transfer for family law or related party transfers

 

How Is Retrospective Valuation Calculated?

A Certified Practising Valuer (CPV) assesses the market value based on:

  • Historical sales data from the valuation date
  • The condition and features of the property at that time
  • Adjustments for renovations or improvements
  • Suburb trends and economic conditions in that year
  • Planning overlays and zoning at the time

If necessary, the valuer may request historical photos, real estate listings, council records, or building permits to reconstruct the property’s profile as of the valuation date.

 

Example Scenario

You bought a home in 2010 and moved out in 2016, renting it out until you sold it in 2024. You want to use the 2016 market value as your CGT cost base from the point it became an income-producing asset.

  • 2016 value (retrospective): $550,000
  • 2024 sale price: $780,000
  • Taxable capital gain (before discounts): $230,000

A retrospective valuation substantiates the 2016 value and protects you in case of an ATO review.

 

Who Can Provide a Retrospective Valuation in QLD?

Only a qualified and independent Certified Practising Valuer (CPV) can prepare a CGT-compliant retrospective valuation. Look for a valuer who:

  • Is a member of the Australian Property Institute (API)
  • Has experience in retrospective and legal valuations
  • Understands Queensland market conditions and tax regulations
  • Provides fully documented, ATO-ready reports

Real estate agent estimates and online tools are not accepted for tax purposes.

 

What’s Included in a CGT Valuation Report?

  • Valuation date (e.g. date property became a rental)
  • Property description and improvements as of that date
  • Comparable sales and market data from the period
  • Explanation of the valuation methodology
  • Valuer’s declaration, licence number, and compliance with API standards
  • Supporting evidence (maps, past sale info, property history)

 

Cost of Retrospective Property Valuation in Queensland

Property Type Estimated Fee Range
Standard residential property $600 – $1,200
Investment property or duplex $800 – $1,500
Rural or lifestyle property $1,200 – $2,500+
Complex or commercial assets $1,500 – $3,500+

Fees depend on the level of research, access to records, and complexity of the valuation date.

 

Why It Matters

  • Avoid overpaying CGT by using accurate historical market value
  • Ensure your tax return is audit-proof with documented evidence
  • Comply with ATO regulations and avoid penalties
  • Ensure fair outcomes in divorce, inheritance, or trust scenarios

 

Conclusion

In Queensland, a retrospective property valuation is an essential tool for anyone needing to calculate capital gains tax based on past market value. Whether you’ve inherited a property, converted a home to a rental, or are dealing with a family transfer, getting a professionally prepared valuation protects your financial interests and ensures ATO compliance.

Engage a certified valuer early to stay on top of your CGT reporting—and gain confidence in your numbers when it counts most.

Sydney skyline with real estate valuation tools on display

Unlock Accurate Property Insights with Sydney’s Top Real Estate Valuation Tools

In Sydney’s dynamic real estate market, having access to accurate property valuations is essential whether you’re buying, selling, or managing properties. With property prices fluctuating due to various factors, the need for reliable real estate valuation tools has never been more critical. This article delves into some of the top valuation tools available in Sydney and explains why consulting a professional property valuer is crucial for accurate results.

CoreLogic RP Data

CoreLogic RP Data is a comprehensive tool that provides detailed property data, including recent sales history, suburb trends, and estimated property values. It’s widely used by real estate agents, investors, and valuers to make informed decisions. This tool’s extensive database ensures you get a well-rounded view of a property’s worth.

Domain Property Data

Domain’s valuation tool offers users a quick estimate of a property’s value based on recent sales and local market trends. It’s user-friendly and provides a good starting point for anyone looking to understand the market value of a property in Sydney.

APM PriceFinder

APM PriceFinder is another popular choice, especially for those who need detailed insights into property trends. This tool is known for its accuracy and is often used by banks and lending institutions to assess property values before approving loans.

OnTheHouse

OnTheHouse offers free property valuation estimates and a wealth of information on market trends. While it’s a handy tool for a general overview, it’s important to note that online tools like this can sometimes fall short of capturing the full picture.

Why You Should Consult a Professional Property Valuer

While these tools offer valuable insights, they cannot replace the expertise of a property valuer. Online tools often rely on automated algorithms, which may not consider unique property features, recent renovations, or other factors that could significantly impact a property’s value.

A professional property valuer conducts a thorough inspection and uses their local market knowledge to provide a detailed and accurate valuation. Whether you’re looking to buy, sell, or refinance, working with a specialist in property valuation services ensures you get the most precise and tailored advice.

Conclusion

Real estate valuation tools are an excellent resource for anyone involved in Sydney’s property market. However, for the most accurate assessment, it’s always best to consult with a professional property valuer. They have the skills and local knowledge to deliver valuations you can trust.

If you’re seeking expert advice on your property’s value, don’t hesitate to contact our specialists in property valuation services. We’re here to help you navigate Sydney’s real estate market with confidence.

Guide to estate planning and probate valuations, showcasing property assessment documents and legal books

Safeguarding Your Legacy: The Role of Property Valuations in Deceased Estates

Key Considerations in Valuing Deceased Estates for Effective Distribution and Tax Planning

When managing a deceased estate, understanding the value of property assets is crucial. This valuation serves multiple purposes, from planning the estate’s distribution among beneficiaries to fulfilling tax obligations. Estate planning property valuation and probate valuation are essential processes that require attention to detail and professional expertise.

The Role of Professional Valuations in Estate Planning

A professional valuation of property assets within a deceased estate is not just beneficial but often necessary for several reasons:

  • Ensuring Fair Distribution: Accurate valuations help in the equitable distribution of assets among beneficiaries, preventing disputes.
  • Tax Obligations: Valuations are critical for calculating capital gains tax and potential inheritance taxes, ensuring the estate complies with tax laws.
  • Probate Requirements: Courts often require a probate valuation to process the estate, establishing the value of the estate for legal purposes.

Choosing the Right Professionals for Deceased Estate Valuations

Selecting experienced professionals to conduct estate valuations is pivotal. The expertise of a deceased estate lawyer, combined with that of qualified valuers, ensures that all legal and valuation aspects are covered comprehensively.

  • Deceased Estate Lawyers: Specialising in estate law, these professionals can guide you through the legal intricacies of probate and estate distribution.
  • Qualified Valuers: Experts in property valuation ensure that you receive an accurate market value of the estate’s property assets, crucial for tax calculations and fair asset distribution.

Keeping Valuations Up-to-Date

Estate planning is an ongoing process, and keeping property valuations up-to-date is vital for several reasons:

  • Market Fluctuations: Property markets can change, affecting the value of estate assets.
  • Tax Implications: Updated valuations can impact tax planning strategies and obligations.
  • Beneficiary Interests: Keeping valuations current ensures beneficiaries’ interests are protected and expectations managed.

Strategic Planning with Estate Valuations

Effective estate planning and probate processing require a strategic approach to property valuations. This includes:

  • Regular Reviews: Schedule periodic valuations to reflect current market conditions.
  • Professional Advice: Engage deceased estate lawyers and professional valuers early in the planning process for expert guidance.
  • Documentation: Maintain detailed records of valuations and related documents for legal and tax purposes.

Conclusion

Valuing deceased estates is a complex but essential part of estate planning and probate. It requires careful consideration, professional expertise, and strategic management to ensure that the estate is distributed fairly, tax obligations are met, and the probate process is smoothly facilitated. Engaging with experienced deceased estate lawyers and qualified valuers is key to navigating these challenges effectively, providing peace of mind for estate executors and beneficiaries alike.