12. Appraisals vs Valuations | Data-Driven Property Assessment | Rachel Elliot (McGees)

The guest of today’s podcast is Rachel Elliot, Head of Advisory at McGees in Adelaide and career valuer with 35 years of experience. She joins Rob Turnbull to explore how real estate agents can deliver more credible and defensible appraisals by learning from the valuation industry.

Rachel shares expert insights on selecting quality comparable sales, the importance of property inspections over desktop research, and her "data-driven gut feel" approach that combines market knowledge with empirical evidence.

00:00 Introduction and Episode Overview

00:56 Meet the Expert: Rachel Elliot

02:31 Valuation vs. Appraisal: Key Differences

04:59 The Importance of Comparable Sales

09:29 The Role of Desktop Research and AVMs

13:41 Red Flags in Appraisals and Valuations

15:32 Conclusion and Final Thoughts

The Property Edge Podcast from Land Services SA connects real estate agents with the ideas, technology and AI opportunities that can be brought into their own businesses to drive further success.

Visit www.propertyedge.app/the-property-edge-podcast to see other episodes, see episode summaries and read transcripts.

Learn about South Australia's locally made property research platform, Property Edge, at www.propertyedge.app