Queensland property valuation guide
Property Valuation QLD
A property valuation in Queensland is either a free market appraisal from an agent or a formal valuation from a registered valuer, whose fees range from a few hundred dollars to a few thousand depending on the property.
Source: REIQ, “How much is my house worth?”, 21 December 2023
Which one do you need?
Which type of property valuation do I need?
It depends on why you want one. Use this table to pick, then read the matching section below.
| Your situation | What you need | Who does it | Cost to you |
|---|---|---|---|
| Thinking of selling, or want to know what it’s worth | Agent’s appraisal | A licensed real estate agent | Free |
| Buying with a loan, or refinancing | Bank valuation | A valuer on the lender’s panel | Usually paid by the lender for a standard home loan |
| Family law, deceased estate, tax, SMSF, court or a dispute | Formal valuation | A registered valuer | A few hundred to a few thousand dollars |
| Council rates or land tax | Statutory land valuation | The Queensland Valuer-General | No fee; you can object within 60 days |
What are the types of property valuation in Queensland?
Agent’s appraisal
A licensed real estate agent looks at your property and recent sales nearby, then estimates what it would sell for now. It is free, quick and useful when you are deciding whether to sell. It has no legal standing.
Bank valuation
When you borrow, the lender has the property valued by a valuer from its own panel. Most residential bank valuations are now desktop valuations, based on sales data without an inspection. Bank valuations tend to be conservative. Mortgage World Australia, “Bank property valuation Australia”, updated 26 September 2026 How bank valuations work →
Formal valuation
A registered valuer inspects the property and writes a report that courts, the tax office and SMSF auditors rely on. In Queensland, valuers must be registered with the Valuers Registration Board of Queensland. Valuers Registration Board of Queensland
Statutory land valuation
The Queensland Valuer-General values land, not houses, for council rates, land tax and leasehold rents. It is not the market value of your property. Land valuations explained →
How much does a property valuation cost?
An agent’s appraisal is free. A formal valuation from a registered valuer costs from a few hundred dollars to a few thousand, mainly depending on the size of the property. Get more than one quote. REIQ, “How much is my house worth?”, 21 December 2023 What affects the cost →
How long does a property valuation take?
An agent’s appraisal usually means one visit and a written estimate soon after. A desktop bank valuation needs no visit at all. For a formal valuation, ask the valuer for a turnaround time when you get the quote; it depends on the report’s purpose and the property.
Where is your property?
The Cairns area
Gordonvale to Palm Cove (postcodes 4865, 4868, 4869, 4870, 4878 and 4879). Your appraisal request goes to Tony Williamson, an agent and auctioneer with REMAX Powerhouse who has sold Cairns property since the late 1980s.
Cairns and the Far North →Everywhere else
The rest of Far North Queensland, Brisbane, the coasts, regional Queensland and interstate. Tony refers you to a trusted local agent from his network across Queensland and Australia.
How referrals work →Last updated 3 November 2026
Free appraisal
Request a free appraisal
Start with your postcode. Properties in the Cairns area (postcodes 4865, 4868, 4869, 4870, 4878 and 4879) go to Tony Williamson of REMAX Powerhouse. Anywhere else in Queensland or Australia, Tony refers you to a trusted local agent from Tony’s referral network.
Common questions
Is a free property valuation accurate?
A free appraisal from a local agent is an informed estimate of what your property would sell for, based on recent sales nearby. It is useful for deciding whether and when to sell. It is not a formal valuation, and banks, courts and the tax office won’t accept it.
Who can do a formal valuation in Queensland?
A valuer registered with the Valuers Registration Board of Queensland, the state’s valuation regulator. You can check a valuer on the board’s public register. Register of Queensland valuers
Do I need a valuation to sell my house?
No. Most Queensland sellers use an agent’s appraisal to set the price. You would only need a formal valuation for a specific legal, tax or lending reason.
How do I find my property’s land valuation?
Search by address or property ID on the Queensland Government’s land valuation search. It shows your current and new land value, the valuation date and recent land sales nearby. Queensland Government, “Find your land valuation”