When buying, selling, refinancing, or settling disputes around property, the value of an asset needs to be more than an estimate – it must stand up to scrutiny. That’s where a sworn valuation comes in. In Australia, sworn valuations are formal property assessments prepared by Certified Practising Valuers (CPVs) or sworn valuers, backed by legal accountability and industry standards.

What Is a Sworn Valuation?

A sworn valuation is an independent, professional opinion of a property’s fair market value, provided in writing and supported by legal standing. Unlike informal appraisals offered by real estate agents, a sworn valuation is:

• Legally binding – it can be used in court, taxation matters, and disputes.

• Conducted by qualified valuers – registered with the Australian Property Institute (API) or state-specific bodies.

• Evidence-based – supported by comparable sales data, on-site inspection, and local market analysis.

When Do You Need a Sworn Valuation?

Sworn valuations are required in a wide range of situations, including:

• Property sales and purchases – ensuring buyers and sellers agree on fair market value.

• Refinancing and mortgage applications – banks rely on sworn valuations for lending security.

• Family law matters – property settlements in divorce or estate disputes.

• Capital Gains Tax (CGT) and stamp duty – sworn valuations establish accurate tax liabilities.

• Insurance purposes – calculating replacement cost or indemnity value.

• Litigation support – expert evidence in court proceedings.

How Are Sworn Valuations Conducted?

The process follows strict professional guidelines:

1. Inspection – the valuer physically inspects the property, assessing land size, condition, improvements, and location.

2. Market Research – comparable recent sales are analysed to benchmark value.

3. Valuation Methodology – common approaches include:

   • Direct comparison (comparing with recent similar sales)

   • Income approach (for commercial and rental properties)

   • Cost approach (replacement value of improvements minus depreciation)

4. Report Delivery – the sworn valuation report is issued, containing detailed reasoning, evidence, and a legally binding signature.

Who Can Provide a Sworn Valuation?

Only accredited Certified Practising Valuers (CPVs) or state-registered sworn valuers can issue sworn valuations in Australia. They must:

• Be members of the Australian Property Institute (API) or a state equivalent.

• Hold professional indemnity insurance.

• Adhere to API’s Professional Practice Standards and the International Valuation Standards (IVS).

Benefits of a Sworn Valuation

• Legal credibility – admissible in court and government processes.

• Impartiality – unlike agents, valuers have no vested interest in the transaction.

• Accuracy – backed by methodology and market data.

• Peace of mind – protects against disputes and inflated valuations.

Cost of a Sworn Valuation in Australia

The fee for a sworn valuation varies depending on property type, complexity, and location:

• Residential valuations – typically $400–$900.

• Commercial/industrial valuations – from $1,000 upwards.

• Specialised properties (farms, development sites, prestige assets) – custom quoted.

While it may seem like an added expense, the accuracy and legal standing of a sworn valuation can save thousands in disputes, taxes, or incorrect lending.

A sworn valuation in Australia provides more than just a number – it offers security, transparency, and legal assurance. Whether you’re navigating family law, dealing with the ATO, or simply wanting certainty in a property deal, a sworn valuation ensures your property’s value is beyond question.