Valuation of Foreign Properties for Immigration

Due to the influx of immigration and rapid growth of economy, many foreigners have begun to heavily invest properties in Australia, as such, the high volume of transactions have made immigration law more complex in the modern days. Standing in the shoes of a foreigner, buying a property in Australia is not as simple as the olden days.

Department of Immigration and Border Protection (DIBP) sets a stringent rule in granting permanent residency for the foreigners. In the process of assessing permanent residency visa subclass including 188 A, B, C and E and 888, it is mandatory to assess total assets of foreign applicants inside and outside Australia. In Asia Valuation, we provide foreign valuation assessments in China and Hong Kong.

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Recent Experience

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Development Feasibility

Valuation of $20 million for medium-rise residential development known as ‘Ivy Apartments The Entrance’ in New South Wales.
Valuation of $12 million for high-rise mixed use development, Commercial Zone 1 development site in Box Hill, Victoria.

Compensation and Acquisition

Valuation of $30 million for B7 zoned development site in Potts Hill, New South Wales.
Valuation of $8.5 million for R4 zoned mixed use development site in Blakehurst, New South Wales.
Suburban Rail Loop Project of Victoria for residential and commercial properties.

Commercial Litigation

Portfolio Valuations of total net assets of $9 million mansions in Castle Hill and Oatley, New South Wales, in relation to dispute resolution between corporate entities.
Portfolio Valuations of both local and foreign properties in Shanghai and Melbourne, acting as Expert Witness in the Supreme Court of Victoria for a high-net-worth individual.

Rental Determination

Tender of a historical commercial building including its basement car parking, known as ‘Hong Kong House’ in Sydney, from the Hong Kong Government.

Valuation of Foreign Properties for Immigration

Valuations of Apartments in Hong Kong and mainland China for immigration purposes in relation to business visa subclass 188 and 888.
Valuations of foreign consulate buildings as commercial properties in Australia for statutory internal reporting purposes.

Prestige Residential

Portfolio valuations of total net assets of $12 million for 3 residential properties including the largest mansion in Olinda, Victoria, for tax purposes.
Portfolio valuations of total net assets of $4 million for 4 residential properties worth in Hurstville, New South Wales for tax purposes.