| Description |
543 pages ; 26 cm |
| Contents |
Real property and its valuation -- The nature of value -- Foundations of valuation -- Real estate markets -- The money and capital markets -- Real property ownership and interests -- The valuation process -- Data collection -- Market and marketability analysis -- Land and site analysis -- Improvement analysis -- Highest and best use analysis -- The direct comparison approach -- Comparative analysis -- Applications of the direct comparison approach -- Land and site valuation -- The cost approach -- Building cost estimates -- Depreciation estimates -- The income capitalization approach -- Income and expense analysis -- Direct capitalisation -- Yield capitalisation: Theory and basic applications -- Discounted cash flow analysis and special applications in income capitalization -- Reconciling value indications -- The valuation report -- Valuation review and valuation consulting -- Statistics in valuation -- Valuation of partial interests -- Valuation for financial reporting -- Financial formulas |
| Summary |
This text has been adapted by the Australian Property Institute to suit the Australian market. It primarily focuses on the fundamentals of property and real estate to provide a solid foundation for building a broad and substantial understanding of property valuation. This text is relevant for students, property economists, market analysts, lenders, market researchers and policy makers. There is substantial emphasis on market analysis, highest and best use analysis, the direct comparison approach, as well as a rigorous explanation of the cost approach which stresses the estimation of depreciation from market data |
| Notes |
Based on the 13th edition of the 'Appraisal of real estate' published by the Appraisal Institute' |
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Includes index |
| Bibliography |
Includes bibliographical references |
| Subject |
Real property -- Valuation -- Australia.
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Real property -- Valuation.
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Real property -- Australia.
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| Reading List |
MMP713 recommended text 2024
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| Author |
Reed, R. G. (Richard G.), editor
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Australian Property Institute.
|
| ISBN |
9780646930688 |
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