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Pierce & Widera

Certified Australian property valuers servicing VIC, NSW, QLD

Welcome to Pierce & Widera

your trusted property valuation specialists in Victoria, New South Wales, and Queensland
James Pierce and Christina Widera are certified Australian property valuers with years of experience providing accurate and reliable advice to property sellers and investors.

At Pierce & Widera, we understand that your property is one of your most valuable assets. That’s why we take the time to thoroughly inspect and analyse each property we value, taking into account its unique features and current market conditions. Our valuations help guide important real estate decisions like setting an asking price, negotiating offers, and understanding tax obligations.

Whether you’re selling your family home, purchasing an investment property or managing a commercial real estate portfolio, we can provide the expertise needed to make sure you receive maximum value. Contact Pierce & Widera today to schedule an on-site valuation or discuss how we can help with your property goals.

Our Services

At Pierce & Widera, we offer the following property valuation services:

Residential Valuations

We provide accurate market appraisals for houses, apartments, units, townhouses, and other residential properties. Our valuations help homeowners determine a fair asking price when selling.

Commercial Valuations

We value retail, office, industrial, and other commercial real estate. Our valuations assist commercial owners and investors make informed leasing and purchasing decisions.

Insurance Valuations

We determine rebuilding and replacement costs for home and contents insurance. Our reports provide appropriate coverage amounts to protect your assets.

Property Settlement Valuations

We supply settlement valuations for family law and estate actions. Our objective valuations help facilitate fair property settlements.

Capital Gains Tax Valuations

We complete valuations for capital gains tax purposes following the sale of a property. Our expertise helps maximise your tax return.

Land Valuations

We appraise vacant residential, commercial, industrial and rural land. Our reports assess sites for development potential.

Why Choose Us?

Contact our friendly team today to learn more about our property valuation services!

Recent Advice

Guide to Valuing Properties for Renovation

Valuing Properties with Value-Adding Potential: A Comprehensive Guide

Discovering a property with the potential for value addition through renovations is akin to uncovering a hidden gem in the real estate market. Understanding the art of accurately valuing these properties can significantly impact investment decisions.

Understanding Renovation Potential Valuation

Renovation potential valuation is a nuanced process that estimates the future value of a property post-renovation. This valuation is critical for investors and homeowners looking to maximise their return on investment (ROI) by identifying properties that, with the right improvements, can yield significant value increases.

Key Factors Influencing Renovation Valuation

Several factors play into the valuation of properties with renovation potential:

  • Current Market Trends: Understanding the demand for certain property features or improvements in your area can guide renovation efforts.
  • Cost of Renovations: Accurately estimating the cost of proposed renovations is crucial to ensure that the value added exceeds the investment.
  • Comparable Properties: Analysing the sale prices of renovated properties in your vicinity provides a benchmark for potential post-renovation value.

Methods for Valuing Fix-up Properties

Valuing a fixer-upper involves a combination of traditional valuation methods and considerations specific to the property’s renovation potential.

Comparative Market Analysis (CMA)

CMA involves comparing the subject property with similar properties in the same area that have recently been sold, are currently on the market, or were on the market but didn’t sell. Adjustments are made for differences, including the extent of necessary renovations.

Cost Approach

This method calculates the property’s value as the land cost plus the current value of the building, minus depreciation, plus the value added through renovations. It’s particularly useful for unique properties where comparables are hard to find.

Income Capitalisation Approach

Best suited for investment properties, this approach values a property based on the revenue it’s expected to generate after renovations. It’s a common method for properties intended for rental.

Maximising Renovation ROI

Identifying the right renovations is key to maximising ROI. Not all improvements offer the same value boost, so focusing on renovations that are known to increase property value is essential.

  • Kitchen and Bathroom Updates: These areas often offer the best return on investment due to their importance to potential buyers.
  • Adding Living Space: Increasing the usable living space of a property, whether through extensions or reconfiguring the existing layout, can significantly add value.
  • Improving Energy Efficiency: Enhancements such as insulation, double-glazing, and solar panels not only attract eco-conscious buyers but can also reduce future running costs.
  • Curbside Appeal: First impressions matter. Simple improvements to a property’s exterior can greatly increase its appeal and, by extension, its value.


Valuing properties with renovation potential is a specialised skill that can unlock significant investment opportunities. By understanding the key valuation methods and focusing on high-ROI renovations, investors and homeowners can maximise their returns. Whether you’re a seasoned investor or a first-time homebuyer, mastering the art of renovation potential valuation is a crucial step towards successful property investment.

Optimising your investment strategy by identifying and valuing fix-up properties requires a keen eye for potential, an understanding of the market, and a well-planned renovation strategy. Armed with these insights and strategies, you’re well on your way to unlocking the true potential of properties in need of a little TLC.

Comprehensive guide on when to get a property valuation in various life scenarios

When Do I Need a Property Valuation?

Decoding the Importance of Property Valuation

A property valuation is an essential step in various scenarios, providing an unbiased estimate of a property’s worth. Understanding when to get a valuation can guide your decisions in real estate, finance, and legal matters.

The Role of Property Valuation in Real Estate Transactions

Valuations play a crucial role in real estate transactions, offering a clear picture of a property’s market value. They ensure both buyers and sellers enter negotiations with a fair, informed perspective.

Key Scenarios Requiring Property Valuation

1. Selling Your Property

Before listing your property for sale, a valuation gives you a realistic expectation of its worth, helping to set an appropriate asking price.

2. Buying a Property

For buyers, a valuation ensures you’re making a sound investment and not overpaying for your new home or investment property.

3. During Divorce Proceedings

In the event of a divorce, property valuations are vital for equitable distribution of assets.

4. Handling Deceased Estates

Valuations are necessary for the fair distribution of assets in a deceased estate, ensuring all beneficiaries receive their rightful share.

5. Securing a Loan

Lenders often require a property valuation Sydney to determine the loan amount and terms when securing a mortgage or refinancing.

6. For Taxation Purposes

Property valuations are often needed for tax calculations, such as capital gains tax, or in disputes with taxation authorities.

  • Assessing market value when selling or buying a property
  • Equitable asset division during divorce or handling deceased estates
  • Establishing property value for securing loans or meeting tax obligations

Choosing the Right Time for a Property Valuation

Timing Is Key in Real Estate Decisions

The right timing for a valuation can significantly impact your financial outcomes in real estate transactions. Consider market conditions and personal circumstances when deciding when to get a property valuation.

Reasons for Property Valuation: A Summary

Property valuations serve as a fundamental tool in various scenarios, from real estate transactions to legal and financial matters. Knowing when to get a valuation can empower you with accurate information, ensuring you make informed decisions in crucial moments. Whether you’re selling, buying, dividing assets, or dealing with financial and tax obligations, a professional valuation offers the clarity and certainty needed to navigate these significant life events.

Commercial Property in Melbourne

Understanding Commercial Property Income Valuations

When it comes to investing in commercial property, income valuation is a pivotal aspect to consider. Particularly in competitive markets like Melbourne, a thorough understanding of income valuation approaches can make or break an investment. This article delves into various methods focused primarily on rental yields to guide you through the maze of commercial property income valuation.

Types of Commercial Property

Before diving into income valuations, it’s essential to grasp the various types of commercial property.

  • Office Buildings
  • Retail Centres
  • Industrial Warehouses
  • Hotels

Rental Yields: The Building Blocks of Income Valuation

What Are Rental Yields?

Rental yield is the annual rent income as a percentage of the property’s total value. In Melbourne, rental yields can significantly influence commercial property income valuations.

Calculating Rental Yields

To calculate the rental yield, you take the annual rent income, divide it by the property’s current market value and multiply by 100.

Income Valuation Approaches

Direct Capitalisation Method

This is a straightforward technique where the property’s income is divided by a capitalisation rate to determine its value.

Discounted Cash Flow Method

In contrast, the Discounted Cash Flow (DCF) method considers the present value of future cash flows to provide a more dynamic income valuation.

Factors Influencing Income Valuation in Melbourne


Properties in prime Melbourne locations tend to have higher rental yields, thus impacting income valuations positively.

Market Conditions

Economic factors such as inflation and interest rates also play a crucial role in influencing rental yields and, by extension, income valuation.

Tenant Lease Terms

The terms agreed upon with the tenants can affect the valuation, especially when long-term leases are involved.

Wrapping Up

Understanding income valuation methods and how they’re influenced by various factors is essential for making informed decisions in the Melbourne commercial property market. Always consider the rental yield and utilise proven approaches like the Direct Capitalisation or Discounted Cash Flow methods to get the most accurate valuation.

By following this guide, you’ll be well-equipped to navigate the complex landscape of commercial property income valuations.

Person looking at questions to ask a property valuer on a clipboard.

5 Questions to Ask When Choosing a Property Valuer

Choosing the right valuer is a crucial decision when selling or transferring a property. The valuer plays an important role in determining the property’s value. Selecting a reputable and experienced valuer can make the difference between getting full value for your property or leaving money on the table. This article will explore 5 key questions to ask when interviewing and selecting property valuers.

1: Experience and Qualifications

1.1 How long have you been a practicing valuer?

Look for a valuer with at least 5-10 years of experience valuing properties similar to yours. Experience brings knowledge of local market conditions.

1.2 What professional qualifications do you hold?

Choose a certified valuer who belongs to a professional body like the Australian Property Institute. This ensures they adhere to industry standards.

1.3 How many property valuations have you completed in this area?

Look for a valuer who regularly values properties in your suburb and surrounding neighbourhoods. Local experience is invaluable.

2: Valuation Expertise and Specializations

2.1 What property types do you have expertise in?

Ensure the valuer has experience with your specific property type, such as residential, commercial, industrial, rural, etc.

2.2 Are there any property features you specialize in?

Choose a valuer with expertise in unique property features like heritage listings, environmental issues, large land size, etc.

2.3 Do you have expertise with property sale/transfer scenarios like divorce, estate transfers, compulsory acquisition?

Opt for a valuer experienced in your specific scenario, as valuation methods can vary.

3: Valuation Methods and Standards

3.1 What valuation methods and standards do you follow?

The valuer should adhere to industry standards like the Australian Valuation Standards.