Independent property valuer (home office)

Home buyers and owners, banks and lenders (usually through panel arrangements), solicitors and conveyancers, accountants, estate executors and separating couples.

A fee per report, which varies with the property type and the purpose of the valuation. Lender panel work gives steady volume, while private reports for legal, tax or estate matters are often higher value.

• Strong knowledge of your local property market
• Clear, careful report writing
• Attention to detail and sound judgement
• Building relationships with referrers

• Registration or licensing rules differ by state and territory, so check your state's valuer registration body before offering valuations
• Professional indemnity insurance is essential and lenders usually require it, so check the cover levels they ask for
• Lender panel approval can take time and may require experience and a track record
• Check with your local council whether a home-based business needs approval
• Your liability if a valuation is challenged, so keep thorough file notes and evidence

Startup costs are typically around $4,000 to $15,000, depending on your equipment, software and insurance. These are estimates, so get insurance quotes early, as lenders usually expect professional indemnity cover.

Monthly revenue is typically around $3,000 to $14,000, depending on how many reports you complete, your referrers and whether you gain lender panel approval. These are estimates, and building a track record can take time.

Registration or licensing rules differ by state and territory, so check your state's valuer registration body before offering valuations. Also check the professional indemnity cover levels lenders ask for, and whether your local council requires approval for a home-based business.