1st Edition

Introduction to Property Valuation in Australia

By David Parker Copyright 2024
    288 Pages
    by Routledge

    288 Pages
    by Routledge

    This book provides an easy-to-follow introduction to the principal methods of property valuation in Australia within the context of International Valuation Standards, so bridging the gap between traditional property valuation methods and the modern era of global valuation governance.


    Providing a framework for valuation practice, the book outlines the property asset class, the role of valuation, concepts of value and valuation standards before focusing on the instructing, undertaking and reporting aspects of the valuation process. The market approach to valuation is addressed through the comparative method of valuation with the income approach addressed through the capitalisation of income, discounted cash flow and profits methods of valuation and the cost approach addressed through the replacement cost, reproduction cost and residual or hypothetical development methods of valuation. 


    As an introductory textbook on property valuation methods, this book is a companion to Australia’s leading advanced valuation textbook, Principles and Practice of Property Valuation in Australia edited by the same author and also published by Routledge, which is a more advanced text considering key principles underlying property valuation and current techniques and issues in the practice of property valuation for major sectors of the Australian property market.


    The most up-to-date valuation text book for the Australian market, this book will appeal to both valuation practitioners and undergraduate/postgraduate students as well as to accountants, auditors, lawyers, lenders and all professionals dealing with property valuation issues.

    About the Author

    Foreword by Peter Dempsey FAPI


    Chapter 1       Introduction to the property asset class

    Chapter 2       Role of valuation

    Chapter 3       Value

    Chapter 4       Valuation standards

    Chapter 5       Instructing, undertaking and reporting valuations

    Chapter 6       Market approach to valuation

    Chapter 7       Income approach to valuation - static

    Chapter 8       Income approach to valuation - dynamic

    Chapter 9       Cost approach to valuation

    Chapter 10 Future Perspectives


    Dr. David Parker is an internationally recognised real estate industry expert and highly regarded real estate academic (www.davidparker.com.au), being the author of Principles and Practice of Property Valuation in Australia (2022) and The Routledge REITs Research Handbook (2018). He is a regular contributor to property and valuation academic journals, a Visiting Professor at the Henley Business School, University of Reading and a Visiting Fellow at the University of Ulster.