A property appraisal will usually be carried out on your home by a qualified real estate agent where you would like to gain an estimate of the potential rental value in the current market conditions.

An estate agent will walk through the property and assess the condition, size and inclusions of the home. They will note key factors like the number of bedrooms, bathrooms, and parking spaces as well as additional features that may be included and any improvements that have been completed which have the potential to add to the value of the property.

Once they have completed their inspection and discussed options for the property with you, they will research the property and look at current and recent figures of similar properties in your location and the price for which they were rented. An estate agent will also consider the location of the property and its proximity to local amenities, shopping and lifestyle facilities and school precincts and factor this into their rental appraisal price.

When the agent has gathered the information on your property and other comparable properties in your area, they will put together a report including an opinion of what they believe the property could achieve on a weekly basis.