Valuing a property is a crucial step in the process of buying or selling a property. It helps you determine the market value of the property, which is the estimated amount a property would sell for under current market conditions. Here are some steps to help you value a property:

1. Look at recent sales: Look at the sale prices of similar properties in the area. This will give you an idea of what the market is willing to pay for similar properties.
2. Check online valuations: There are a number of online property valuation tools available that can give you a rough estimate of a property's value based on recent sales data and other factors.
3. Get a professional valuation: A professional property valuation by a registered valuer will give you an accurate estimate of the value of the property. The valuer will take into account the condition of the property, location, recent sales data, and other relevant factors.
4. Check local council rates: Local council rates can be an indication of the value of the property. The rates are based on the value of the property, so the higher the rates, the higher the value of the property.
5. Consider the potential for capital growth: The potential for capital growth is an important factor to consider when valuing a property. If the property is in an area that is expected to experience strong capital growth in the future, its value may increase over time.
6. Look at rental yields: Rental yields can also be an indication of a property's value. A high rental yield can indicate that the property is in high demand and could be worth more. Depending on the city, we aim for rental yields close to 5%.
7. Check for the land value: You can find the land value of properties often disclosed on council websites. This will give you a good idea of how much of the properties value is derived from the land. We often look for properties where the land value as a percentage of property price is >50%