Development Property

McLean Gladstone provides specialised property valuation services for development projects and hypothetical valuations crucial for finance and accounting planning across South Australia. As an independent property valuer and certified property valuer, we offer expert insights that empower developers, investors, and businesses to make informed strategic decisions.
 

Our reports are widely accepted by all reputable lenders, including both first and second-tier financial institutions.
 

Development Valuations: Assessing Potential and Viability, Including 'As If' Complete Projects. For any real estate development, understanding the true potential and economic viability of a site is paramount. Our development valuations assist clients in determining what a potential purchaser could afford to pay for a site with development potential, and whether a project is economically viable. We provide comprehensive " As If' complete valuations" for proposed building projects and unit developments, assessing their value upon completion. We cover a wide range of development types, including:

• Residential Developments: Such as residential apartments, including over-55s accommodation, and unit developments.  

• Land Subdivision: For englobo land parcels (large undeveloped tracts of land).  

• Commercial Developments: Including commercial property valuation for new builds or redevelopments.
   

Our approach to property valuation for development feasibility primarily uses the Direct Comparison Method, analysing recent market sales evidence of comparable development sites. However, we frequently utilise a Hypothetical Basis of Valuation as a robust secondary method in feasibility studies. This involves a detailed financial model that accounts for every aspect of the development:  

• Calculating Gross Proceeds: Estimating the total revenue generated by the completed development.

• Subtracting All Costs: Deducting all associated expenses, including comprehensive development cost determination (such as construction, town planning, and engineering costs), taxation implications, borrowing and finance charges, purchase and selling costs, and allowances for profit and risk factors.  

• Internal Rate of Return (IRR) Analysis: We can also incorporate IRR analysis to assess the project's profitability and efficiency over its lifecycle, providing a key metric for investment decisions.

• Resultant Net Value: The figure derived represents the net value of the property prior to development.  
   

This Hypothetical Development method serves as a vital check against the comparable sales approach, helping to determine if one site holds greater value due to its unique development potential. McLean Gladstone has extensive experience in development valuations, possessing excellent knowledge of all matters that need to be addressed to provide a reliable and accurate valuation of property.  
 

Hypothetical Valuations for Finance and Accounting Planning: Beyond development, hypothetical valuations are critical tools for various finance and accounting planning purposes. These valuations determine the value of an asset under specific assumed conditions or at a particular point in time, even if those conditions are theoretical or historical. They are essential for:

• Strategic Planning: Providing directors and senior management with advice and guidance regarding a company's property holdings and strategic direction.

• Financial Reporting: Ensuring compliance with Australian Accounting Standards Board (AASB) Standard AASB 13 (Fair Value Measurement) and International Financial Reporting Standards (IFRS). Our valuations help ensure financial statements are "true and fair" in accordance with the Corporations Act 2001 and ASIC guidelines.

• Taxation Planning: Including capital gains tax property valuation where a retrospective valuation to a specific past date might be required to establish a cost base.

• Business Valuation & Planning: For financial planning practices or other businesses, understanding their inherent worth through regular valuations. This can involve methods like Capitalised Future Earnings, Earnings Multiple, or Comparable Sales, all based on objective and supportable data.  
   

Our accredited property valuer team uses up-to-the-minute financial valuation techniques and theory to ensure our advice is accurate and relevant for all financial reporting valuation needs. We provide ATO-compliant business valuations based on the most relevant and reliable information.  
 

Why Choose McLean Gladstone? As a leading property valuer in Adelaide and across South Australia, McLean Gladstone offers comprehensive real estate valuation services for all your development, finance, and accounting needs. Our local property valuer team combines deep market knowledge with rigorous methodology to deliver precise and defensible valuation of property reports. Whether you need a commercial valuation SA for a new project, a residential valuation South Australia for a subdivision, or a complex hypothetical valuation for strategic financial planning, contact McLean Gladstone, your trusted property valuer near you, for expert advice and reliable valuation services.