Posted on Friday, December 16th, 2022 in by Matt Garmony
The licensed valuers at Garmony Property Consultants have the expertise in preparing Childcare Centre Valuations & Catchment Analysis reports for a variety of clients. Specialised property valuations such as Childcare Centres, require an in depth knowledge of the childcare industry and analysis of market trends including supply and demand analysis.
Our team of valuers have an extensive database of analysed sales and rental evidence of childcare centres in Perth and Western Australia. Childcare centres are regulated in Western Australia by The Department of Communities, who approves and monitors education and care services through the Education and Care Regulatory Unit (ECRU).
Education and Care Services National Law (WA) Act 2012 and the Education and Care Services National Regulations 2012 regulates Child Care Service Providers and its objective is to establish a national education and care services quality framework for the delivery of education and care services to children. Part 4.3 of the Education and Care Services National Regulations 2012 – Physical Environment, relates to the minimum requirements of the Childcare Centre Premises. All premises must be approved, which includes an approval for the maximum number of children.
The analysis of sales evidence and rental data is generally based on a rate per approved/licensed child. The capitalisation of income approach should also be undertaken for a market value assessment. Analysis of sales and rental evidence taking into account the competition and demand for childcare services (Catchment analysis) in the locality, should also form part of the assessment of market rent and the comparison of the sales of childcare centres.
Our expert valuers undertaking Childcare Centre Valuations & Catchment Analysis, utilise the experience of our team and our detailed sales and rental evidence database to provide well researched independent expert property valuation advice. To discuss your Childcare Centre valuations and catchment analysis requirements, please contact licensed valuers, Matt Garmony or Simon Newman.