Introduction to Property Valuation in Australia

This book provides an easy-to-follow introduction to property valuation methods in Australia, bridging the gap between traditional and modern practices. It covers the property asset class, role of valuation, value concepts, and valuation standards, with a focus on instructing, undertaking, and reporting. The market approach is addressed through comparative, income, and cost methods, while the book is a companion to Australias leading advanced valuation textbook. It is a valuable resource for valuation practitioners, undergraduate/postgraduate students, accountants, auditors, lawyers, lenders, and professionals dealing with property valuation issues.

Format: Paperback / softback
Length: 268 pages
Publication date: 12 December 2023
Publisher: Taylor & Francis Ltd

This comprehensive book offers an accessible and insightful introduction to the primary methods of property valuation in Australia, seamlessly integrating them with international valuation standards. By bridging the gap between traditional valuation approaches and the modern era of global valuation governance, it empowers readers with a comprehensive framework for valuation practice.

The book begins by providing a foundational understanding of the property asset class, the role of valuation, and key concepts of value. It then delves into the intricacies of the valuation process, encompassing instruction, undertaking, and reporting.

The market approach to valuation is explored through the comparative method, which involves analyzing comparable properties to determine their market value. The income approach is addressed through various methods such as capitalisation of income, discounted cash flow, and profits analysis, each tailored to different valuation scenarios. Additionally, the cost approach is covered, encompassing replacement cost, reproduction cost, and residual or hypothetical development methods, allowing readers to apply the most appropriate valuation techniques.

As an introductory textbook on property valuation methods, this book serves as a valuable companion to Australias renowned advanced valuation textbook, Principles and Practice of Property Valuation in Australia, edited by the same author and published by Routledge. This advanced text delves into the fundamental principles underlying property valuation and addresses current techniques and issues in the practice of property valuation across major sectors of the Australian property market.

With its most up-to-date coverage, this book appeals to a wide range of professionals, including valuation practitioners, undergraduate/postgraduate students, accountants, auditors, lawyers, lenders, and anyone involved in property valuation issues. Its comprehensive nature and user-friendly approach make it an essential resource for anyone seeking to gain a deeper understanding of property valuation in Australia and its global implications.

Weight: 508g
Dimension: 173 x 246 x 20 (mm)
ISBN-13: 9781032498515