Skip to main content

How to Property is in Early Release. Full release 14 May 2026. Provide feedback and contact for partnerships.Contact Us

Free property education for Australians.
From first steps to settlement.

© 2026 How to Property.
All rights reserved.

Browse

Courses
Tools & Calculators
Definitions
Resources

Company

About
Contributors
Terms of Use
Privacy Policy

Media

Blog
Updates

Stay in the loop

New courses and guides — no spam, unsubscribe any time.

Dashboard

Courses

All Courses

Lessons

All Lessons

Tools & Calculators

Purchase Costs
Stamp Duty
Borrowing Power
All Tools & Calculators

Community

Forum

Sign in for personalised lessons

V

9

Vacancy rateThe percentage of rental properties in an area that are unoccupied at a given time. A vacancy rate below 3% generally indicates strong tenant demand.
ValuationThe lender's independent assessment of what a property is worth, used to decide how much they will lend against it. If the valuation comes in below the agreed purchase price, the lender may reduce the loan amount, requiring the buyer to cover the gap.
Valuation rangeThe estimated price band a property is likely to sell within, derived from adjusted comparable sales data. A range is more realistic than a single figure because no two properties are identical.
Valuation ShortfallWhen a lender's independent property valuation comes in lower than the agreed purchase price. The lender will only lend based on the lower figure, meaning the buyer needs to cover the difference from their own funds or the loan may not proceed.
Vendor BidA bid made by the auctioneer on behalf of the seller. Used to start bidding or move the price toward the reserve when buyer bids slow. Must be announced clearly and can only be made below the reserve price.
Vendor Disclosure DocumentA legally required statement from the seller disclosing key information about the property before the buyer signs the contract. Known as a Section 32 in Victoria, Form 1 in South Australia, and Form 2 in Queensland. In NSW, the equivalent information is provided through prescribed documents attached to the contract.
Vendor RectificationAn arrangement where the seller agrees to repair specific defects identified in an inspection report before settlement. The scope of work should be documented in writing as part of the contract, and the buyer verifies completion at the pre-settlement inspection.
Vendor's StatementA legal document prepared by the seller before listing, disclosing material facts about the property including title details, encumbrances, zoning, and rates. Known as a Section 32 statement in Victoria. The content and timing requirements vary by state.
Voluntary ContributionsSuper contributions you make above the compulsory amount your employer pays. These can be salary sacrifice (deducted from your pre-tax pay) or personal contributions from your after-tax pay. Only voluntary contributions count towards the FHSSS.

All definitions

DefinitionsValuation

Valuation

nounval·u·a·tionpronounced val-yoo-AY-shuhn

Last updated 21 April 2026

What does the noun Valuation mean?

The lender's independent assessment of what a property is worth, used to decide how much they will lend against it. If the valuation comes in below the agreed purchase price, the lender may reduce the loan amount, requiring the buyer to cover the gap.

Cite this entry

MLA

MLA citation: "Valuation." How to Property, 21 Apr. 2026, https://howtoproperty.com.au/definitions/valuation. Accessed 21 Oct. 2026.

Chicago

Chicago citation: How to Property. "Valuation." Last modified April 21, 2026. https://howtoproperty.com.au/definitions/valuation.

APA

APA citation: How to Property. (2026, April 21). Valuation. https://howtoproperty.com.au/definitions/valuation

How to Property is in Early Release. Full release 14 May 2026. Provide feedback and contact for partnerships.Contact Us

Dashboard

Courses

All Courses

Lessons

All Lessons

Tools & Calculators

Purchase Costs
Stamp Duty
Borrowing Power
All Tools & Calculators

Community

Forum

Sign in for personalised lessons

VALUATION Definition & Meaning | How to Property