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, valuation role, 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: Hardback
Length: 268 pages
Publication date: 12 December 2023
Publisher: Taylor & Francis Ltd

This comprehensive book offers an accessible and insightful introduction to the principal methods of property valuation in Australia, seamlessly bridging the gap between traditional valuation approaches and the modern era of global valuation governance. It serves as a valuable resource for valuation practitioners, providing a comprehensive framework for valuation practice. The book begins by outlining the property asset class, the role of valuation, and key concepts of value, before delving into the intricacies of the valuation process. It explores the market approach to valuation through the comparative method, which involves comparing similar properties to determine their market value. Additionally, it addresses the income approach, capitalising income, discounted cash flow, and profits methods to value properties based on their expected income streams. The cost approach is also covered, encompassing replacement cost, reproduction cost, and residual or hypothetical development methods, which consider the costs of constructing or developing a property.

As an introductory textbook on property valuation methods, this book complements Australias renowned advanced valuation textbook, Principles and Practice of Property Valuation in Australia, edited by the same author and also 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 for 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. It provides a thorough understanding of the valuation process, enabling readers to apply the latest methodologies and techniques to accurately assess property values in the Australian market.

In summary, this book is an essential resource for anyone seeking to gain a comprehensive understanding of property valuation methods in Australia, offering a valuable bridge between traditional approaches and the modern global valuation landscape. Its comprehensive coverage, insightful analysis, and practical applications make it a must-read for valuation practitioners, students, and professionals alike.

Weight: 690g
Dimension: 246 x 174 (mm)
ISBN-13: 9781032503165