Property Valuation for Deceased Estates Australia

When a person passes away and their estate includes real property, an independent property valuation is required for probate, distribution among beneficiaries, and capital gains tax calculations. Executors and administrators have a legal obligation to establish the market value of each property at the date of death, and this value forms the foundation for all subsequent estate administration decisions.

Landmark provides date-of-death valuations that are accepted by the Australian Taxation Office, state revenue offices, and the courts. Our retrospective valuation methodology draws on market evidence from the relevant date — comparable sales, listings, and market conditions at the time — to establish a fair and defensible market value. Each report is prepared in accordance with RICS Red Book Global Standards 2025 and the International Valuation Standards, ensuring it withstands scrutiny from any authority or interested party.

We understand the sensitivity of deceased estate matters and work efficiently with solicitors, executors, and family members to minimise stress during a difficult time. Our valuers communicate clearly, respect timeframes dictated by probate proceedings, and deliver comprehensive reports that satisfy all legal and taxation requirements.

The valuation report is provided to the executor or solicitor for inclusion in probate documents and estate administration records. It establishes the cost base for capital gains tax purposes — if the property is later sold by the estate or a beneficiary, the ATO uses the date of death value to calculate any capital gain or loss.

The valuation also ensures fair and equitable distribution among beneficiaries. Where multiple properties are involved, independent valuations provide an objective basis for dividing estate assets. In disputed estates, a RICS-certified valuation carries significant weight with the courts and can help resolve disagreements between beneficiaries without costly litigation.