SMSF Assessment Experts

What is a SMSF restricted property assessment?

It is a desktop assessment completed by qualified valuation professionals. They use real-time sales and leasing data that ensures an accurate and timely property preview. The assessment assists a trustee in ascribing the market value of the SMSF asset, based on objective and supportable data utilising the appropriate methodology.

Why is an assessment required?

All SMSFs are required to provide a market value of assets held in their fund. In accordance with ATO requirements, SMSFs are audited on an annual basis. As such, it is best practice to ensure that you are relying on current and relevant information to assist.

How often is an assessment required?

To comply with relevant super law the market value of an asset is required to be reported by the trustee on an annual basis at 30 June each year.

Why choose Acumentis

Working with fund managers and auditors to provide you efficient and compliant reporting.

Turnaround times

We are committed to delivering efficient turnaround. Once Acumentis has received compliant documentation you will receive your residential property assessment within 2 working days and within 5 working days for commercial properties.

Reputation

Australia’s only independent property valuation and advisory services firm listed on the Australian Stock Exchange with decades of experience in providing compliant valuations and assessments for SMSF reporting.

Coverage

With over 300 qualified valuers across 40 offices throughout metropolitan, regional and rural Australia we’ve got you covered.

Cost effective

Affordable assessments that provide reliable and compliant data.

SMSF property assessment
fee structure

Residential Property Value FY2021 – 2022
Asset Value Assessment Cost Tenancy
Up to $1 Million *$250 (+ GST) Single residential property
Over $1 Million Request a quote
Commercial Property Value FY2021 – 2022
Asset Value Assessment Cost Tenancy
Up to $2 Million *$500 (+ GST) Up to two tenants
$2 – $3 Million *$750 (+ GST) Up to two tenants
> $3 Million, complex or retrospective Request a quote

The above pricing is for a desktop restricted property assessment. Many commercial proprieties are specialized assets and would require a quote for a full valuation.

For properties such as accommodation, aged care, caravan parks, medical centres, shopping centres etc. please reach out to our team to request a quote.

 

Agribusiness Property Value FY2021 – 2022
Asset Value Assessment Cost Tenancy
Up to $2 Million *$500 (+ GST) Rural lifestyle, grazing, dryland farming
$2 – $5 Million *$750 (+ GST) Rural lifestyle, grazing, dryland farming
> $5 Million, any value or specialised Request a quote

*Prices starting from.

Terms & Conditions Apply.

SMSF FAQ's

SMSF managers must prepare annual financial accounts and statements including a valuation of any property assets to confirm a fund has complied with ATO regulations and relevant super law. 

When it comes to valuing property assets, the two most important considerations for trustees are the valuation approach adopted and the timing of the assessment. Having objective and supportable data demonstrating market value and the valuation methodology used will enable compliant reporting.

The ATO recommends funds consider the use of a qualified independent valuer if either the:

  • value of the asset represents a significant proportion of the fund’s value
  • nature of the asset indicates that the valuation is likely to be complex or difficult
  • occurrence of a significant event which may include macro-economic events, market volatility or a natural disaster has occurred. COVID-19 is being considered a significant event and trustees are recommended to take this into consideration when preparing their financial reports.

A common challenge encountered when providing reporting for a property asset held in an SMSF is gaining access to current and relevant supporting data to demonstrate market value comparison. The cost and timing associated with obtaining third-party advice in relation to this task is often the biggest hurdle.  At Acumentis our market-leading valuation management software contains millions of records. Our valuation team has immediate access to the most up-to-date sales information and market data allowing the efficient provision of a valuation report or property assessment.

To comply with relevant super law the market value of a property asset held in an SMSF is required to be reported by the trustee on an annual basis at 30 June each year.

There are some circumstances where property held by an SMSF must be re-valued on a more frequent basis:

  • When a pension is commenced, a valuation from within 12 months prior to the commencement of the pension must be used.
  • When the auditor believes that the valuation used in the accounts is either too high or too low.
  • Where the SMSF has in-house assets and the auditor need to ensure that the 5% in-house asset ratio has not been exceed.

ATO guidance recommends that a trustee should consider an external assessment after a significant event which may include macro-economic events, market volatility, or a natural disaster. 

Acumentis believes that COVID-19 could be considered a significant event and recommends that trustees take this into consideration when preparing this year’s financial reports. 

Acumentis provides the detailed market data and methodology required to comply with ATO reporting and super law requirements. Our national team of registered valuers brings a wealth of expertise, local and asset-specific knowledge, and insights to the process, that may be missed if using other third-party providers 

Acumentis delivers SMSF assessments in a timely and cost-effective manner. Assessments are delivered within two business days from receipt of a compliant engagement form, that is easily completed online. 

The ATO requires a valuation undertaken by a;

  • registered valuer
  • professional valuation service provider
  • member of a recognised professional valuation body
  • person without formal valuation qualifications but who has specific experience or knowledge in a particular area

For SMSF reporting Acumentis created an innovative product during the early stages of the COVID-19 pandemic in 2020, the SMSF Restricted Property Assessment.

To complete the SMSF Restricted Property Assessment a qualified Acumentis valuer conducts a contactless remote desktop assessment that does not require physical access to the property. Thorough analysis using real-time sales and market data ensures SMSF trustees are provided an accurate and timely ATO compliant report.

Your team of
SMSF experts

State contacts
Nathan King
National Director – Advisory, State Government & Projects, State Director – WA
Perth
Jeremy Onus
Valuer
Newcastle
James Morrell
Senior Valuer
Lismore
Angus Cooke
Valuer
Inverell
Merv Hooper
Senior Valuer
Albury
Tom McDouall
Regional Director
Newcastle
Terry Glitsos
Director NSW Government Statutory Assets & Legal
Sydney
Heath Craft
Valuer
Albury
Richard Lam
Valuer
Sydney
Gregory Jordan
Valuer
Port Macquarie
Andrew McDonnell
Senior Valuer
Sydney
Harry Morrow
Valuer
Tamworth
Alison Seymour
Valuer
Sydney
Jason Shore
Director - Valuations
Sydney
Damian Daczko
Regional Director
Taree
Damien Burley
National Director Regional Operations
Port Macquarie
Adrian Marks
Valuer
Brisbane
Justin De Pinto-Smith
Valuer
Mackay
Dale Rohde
Valuer
Cairns
Matt Wilson
Senior Valuer
Cairns
Clancy Miller
Valuer
Townsville
Paul Krause
Senior Valuer
Mackay
Ernest van Zyl
Manager Property Advisory Services
Jared Teitzel
Senior Valuer
Brisbane
Jun Hao Ang
Valuer
Brisbane
Henry Brown
Director
Brisbane
Wayne Airey
Associate Director
Sunshine Coast
Robert Tye
Senior Specialist Valuer
Toowoomba
Carlo Lando
Regional Director - Townsville
Townsville
Jany Pezard
Director - Valuations
Sunshine Coast
Gareth Turner
Director
Brisbane
Jim Lyons
Director Valuations
Brisbane
Annette Smith
State Director Regional Operations (North)
Emerald
Lachlan Dunsdon
National Director Rural & Agribusiness
Brisbane
Paul Robbins
State Director Commercial QLD
Brisbane
Russell Cripps
Director Valuations
Hobart
Joe Stansfield
Regional Director - Tasmania (North)
Launceston
Mark Pastor
Associate Director
Melbourne
Damien Stone
State Director Residential Victoria
Melbourne
Damian Lynch
Associate Director
Melbourne
Craig McMillan
Group Executive Director – Commercial & Advisory
Melbourne
Brenton Jones
Senior Valuer
Gippsland
Brandon Prince
Valuer
Perth
Col Smout
Senior Valuer
Perth
Aaron Hughes
Regional Director
South West WA
Ross Sharp
State Director – WA – Rural & Agribusiness
Perth
Richard Graham
State Director Rural & Agribusiness WA
Bunbury
Damien Schifferli
Regional Director - South West WA
Busselton
Blake Lieschke
State Director – Property and Advisory
Perth
Nathan King
National Director – Advisory, State Government & Projects, State Director – WA
Perth
Nathan King
National Director – Advisory, State Government & Projects, State Director – WA
Perth
Jeremy Onus
Valuer
Newcastle
James Morrell
Senior Valuer
Lismore
Angus Cooke
Valuer
Inverell
Merv Hooper
Senior Valuer
Albury
Tom McDouall
Regional Director
Newcastle
Terry Glitsos
Director NSW Government Statutory Assets & Legal
Sydney
Heath Craft
Valuer
Albury
Richard Lam
Valuer
Sydney
Gregory Jordan
Valuer
Port Macquarie
Andrew McDonnell
Senior Valuer
Sydney
Harry Morrow
Valuer
Tamworth
Alison Seymour
Valuer
Sydney
Jason Shore
Director - Valuations
Sydney
Damian Daczko
Regional Director
Taree
Damien Burley
National Director Regional Operations
Port Macquarie
Adrian Marks
Valuer
Brisbane
Justin De Pinto-Smith
Valuer
Mackay
Dale Rohde
Valuer
Cairns
Matt Wilson
Senior Valuer
Cairns
Clancy Miller
Valuer
Townsville
Paul Krause
Senior Valuer
Mackay
Ernest van Zyl
Manager Property Advisory Services
Jared Teitzel
Senior Valuer
Brisbane
Jun Hao Ang
Valuer
Brisbane
Henry Brown
Director
Brisbane
Wayne Airey
Associate Director
Sunshine Coast
Robert Tye
Senior Specialist Valuer
Toowoomba
Carlo Lando
Regional Director - Townsville
Townsville
Jany Pezard
Director - Valuations
Sunshine Coast
Gareth Turner
Director
Brisbane
Jim Lyons
Director Valuations
Brisbane
Annette Smith
State Director Regional Operations (North)
Emerald
Lachlan Dunsdon
National Director Rural & Agribusiness
Brisbane
Paul Robbins
State Director Commercial QLD
Brisbane
Russell Cripps
Director Valuations
Hobart
Joe Stansfield
Regional Director - Tasmania (North)
Launceston
Mark Pastor
Associate Director
Melbourne
Damien Stone
State Director Residential Victoria
Melbourne
Damian Lynch
Associate Director
Melbourne
Craig McMillan
Group Executive Director – Commercial & Advisory
Melbourne
Brenton Jones
Senior Valuer
Gippsland
Brandon Prince
Valuer
Perth
Col Smout
Senior Valuer
Perth
Aaron Hughes
Regional Director
South West WA
Ross Sharp
State Director – WA – Rural & Agribusiness
Perth
Richard Graham
State Director Rural & Agribusiness WA
Bunbury
Damien Schifferli
Regional Director - South West WA
Busselton
Blake Lieschke
State Director – Property and Advisory
Perth
Nathan King
National Director – Advisory, State Government & Projects, State Director – WA
Perth

How can we help you with your property needs?

Get in touch
  • or call 1300 882 401