--- title: "Property Valuation (Technical)" url: https://australianproperty.network/apn-codex/series-30000/series-36000/ date: 2026-01-16 modified: 2026-09-06 lang: en author: "" description: "Technical Reference 36000  —  Property Valuation (Technical) Components: 5 · Property Encyclopedia & Technical Guides (30000) 1Overview Node 36000 is the entry point to the APN Property Valuation series, addressing..." word_count: 881 --- # Property Valuation (Technical) Technical Reference ### 36000  —  Property Valuation (Technical) Components: 5 · Property Encyclopedia & Technical Guides (30000) 1 #### Overview Node 36000 is the entry point to the APN Property Valuation series, addressing the methodologies, professional standards, sector-specific applications, technology, and compulsory acquisition context that together govern how Australian real property is valued. Valuation is the process of forming a reasoned opinion of the value of an interest in property as at a defined date, for purposes including sale and purchase, mortgage lending, taxation, insurance, financial reporting, and statutory compensation. The series is organised into five sub-series: valuation fundamentals, covering the core methodologies and defining principles of valuation practice; valuation standards and professional frameworks, covering the bodies and standards governing valuation practice; valuation for different property types, covering the application of methodology to specific sectors; technology in valuation, covering automated and data-driven valuation tools; and compulsory acquisition and compensation valuation, covering the specific methodology applied where property is compulsorily acquired. This node serves as a navigational and definitional entry point for parties requiring an understanding of Australian valuation practice, directing the reader to the more detailed nodes addressing each component of the discipline. 2 #### Scope & Boundaries This node addresses the structure and scope of the Property Valuation series and the fundamental purpose and role of valuation in the Australian property market. It does not itself set out valuation methodology in detail, addressed in node 36100 and its subordinate nodes, nor investment return analysis such as yield and discounted cash flow analysis conducted from an investor's perspective, addressed in nodes 33310 and 33320. It does not address market pricing dynamics or the analysis of prevailing market conditions, which is addressed in APN's separate market analysis content. Scope Note This node provides a structural overview of the Property Valuation series as at the time of writing. The specific methodology, standard, or professional requirement applicable to a given valuation should be confirmed against the detailed subordinate node and the applicable legislation and professional standards in force at the relevant date. 3 #### Key Concepts Market Value The estimated amount for which a property should exchange between a willing buyer and a willing seller in an arm's length transaction, after proper marketing, wherein both parties act knowledgeably, prudently, and without compulsion. Valuation Methodology The systematic analytical approach applied by a valuer to derive an opinion of value, selected according to the nature of the property and the availability of market evidence, and addressed in detail in node 36100. Highest and Best Use The reasonably probable and legally permissible use of a property that is physically possible, appropriately supported, financially feasible, and that results in the highest value, forming the basis on which market value is typically assessed. Valuation Date The specific date as at which a valuation opinion is expressed, reflecting market conditions and property characteristics prevailing at that date rather than at the date the valuation report is prepared or read. 4 #### Regulatory & Legal Framework - Valuation of Land Act State Valuers-General (state-based, for example the Valuation of Land Act 1916 (NSW) and equivalent legislation in other states) establishes the statutory basis for valuations conducted for rating, land tax, and compensation purposes. - Valuers registration legislation State valuer registration boards (for example the Valuers Registration Act 1992 (Qld) and equivalent legislation or professional standards schemes in other states) governs who may hold themselves out as a registered or certified practising valuer. - Corporations Act 2001 (Cth) Australian Securities and Investments Commission Requires an independent valuation in defined circumstances, including related party transactions and takeovers involving property assets. 5 #### Practical Application Valuation practice is applied across a broad range of Australian property transactions and statutory processes, each governed by the methodology and standards addressed elsewhere in this series. | Scenario | Application | Outcome | | -------- | ----------- | ------- | | A lender requires a valuation before approving a mortgage | The lender engages a registered valuer to prepare a valuation report applying the methodology appropriate to the property type | The valuation supports the lending decision and the loan-to-value ratio applied | | A local council or state authority assesses land for rating or land tax purposes | The state Valuer-General or equivalent authority conducts a statutory valuation in accordance with the applicable Valuation of Land Act | The resulting statutory value forms the basis of the rates or land tax assessed | | A government authority compulsorily acquires a parcel of land | A valuer determines market value and any applicable disturbance or severance compensation heads | Compensation is paid to the landowner in accordance with the applicable just terms legislation | 6 #### Cross-Series References [ 36100 Valuation Fundamentals The core methodologies and defining principles common to every Australian valuation. ](/apn-codex/series-30000/series-36000/series-36100/) [ 36200 Valuation Standards & Professional Frameworks The professional standards, registration regimes, and reporting frameworks governing practice. ](/apn-codex/series-30000/series-36000/series-36200/) [ 36300 Valuation for Different Property Types Sector-specific application of methodology across residential, commercial, rural, and specialised assets. ](/apn-codex/series-30000/series-36000/series-36300/) [ 36400 Technology in Valuation Automated valuation models, data sources, and workflow technology supplementing valuer judgement. ](/apn-codex/series-30000/series-36000/series-36400/) [ 36500 Compulsory Acquisition & Compensation Valuation The specific methodology and statutory framework applied where property is compulsorily acquired. ](/apn-codex/series-30000/series-36000/series-36500/) Findings are presented on the basis of data and evidence alone. Node Parameters Node ID36000 RegisterTechnical Reference Standard JurisdictionAustralia (all states & territories) StatusPublished In This Sub-Series - [31000Property Types & Sectors](/apn-codex/series-30000/series-31000/) - [32000Property Development & Construction](/apn-codex/series-30000/series-32000/) - [33000Property Investment & Finance (Technical)](/apn-codex/series-30000/series-33000/) - [34000Property Management & Operations (Technical)](/apn-codex/series-30000/series-34000/) - [35000Property Law (Technical)](/apn-codex/series-30000/series-35000/) - [36000Property Valuation (Technical)](/apn-codex/series-30000/series-36000/) - [37000Property & Casualty Insurance (Technical)](/apn-codex/series-30000/series-37000/) Related Analytical Nodes - [30000Property Encyclopedia & Technical Guides](/apn-codex/series-30000/) #### In this series