Property market analysis in the valuation process: A survey of Australian practice
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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|Item Type:||Journal Article|
|Keywords:||Property market analysis, valuation practice, land economics, property market characteristics, real property valuation|
|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 13:02|
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