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Property market analysis in the valuation process: A survey of Australian practice

Armitage, Lynne & Skitmore, Martin (2003) Property market analysis in the valuation process: A survey of Australian practice. Pacific Rim Property Research Journal, 9(4), pp. 330-347.

Abstract

The nature of property valuation/analysis is examined in respect of the property market and, in particular, the extent of property market analysis undertaken by practitioners when carrying out property valuations. An empirical survey is described of a sample of 240 valuers throughout Australia and their practices in valuing investment grade property. It is shown that, although the valuers are fully aware of the need for property market analysis, and collect appropriate data to do the analysis, the analysis itself is seldom conducted in other than a cursory manner.

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ID Code: 4109
Item Type: Journal Article
Additional URLs:
Keywords: Property market analysis, valuation practice, land economics, property market characteristics, real property valuation
ISSN: 1444-8921
Subjects: Australian and New Zealand Standard Research Classification > TECHNOLOGY (100000)
Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Copyright Owner: Copyright 2003 Pacific Rim Real Estate Society
Copyright Statement: The contents of this journal can be freely accessed online via the journal’s web page (see link).
Deposited On: 22 May 2006
Last Modified: 29 Feb 2012 23:02

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