Valuation for Different Property Types

Node 36300 addresses the application of valuation methodology and professional standards to the principal property sectors recognised in Australian practice: residential, commercial and industrial, rural and agricultural, and specialised assets. While the fundamental methodology and professional framework addressed in nodes 36100 and 36200 apply consistently across all property types, the practical selection of method, the relevant evidence base, and the specific considerations a valuer must address differ materially between sectors.

The series is organised into four sub-series, each addressed in a subordinate node: residential valuation, covering houses, units, and other dwellings acquired predominantly by owner-occupiers and residential investors; commercial and industrial valuation, covering office, retail, and industrial assets valued predominantly by reference to income and market evidence; rural and agricultural valuation, covering pastoral, cropping, and other agricultural land where productive capacity is a central consideration; and specialised asset valuation, covering property types for which limited market evidence exists and cost or specialised income methods predominate.

This node serves as a navigational and definitional entry point for parties requiring an understanding of how valuation practice adapts to the property type under consideration, directing the reader to the more detailed subordinate node addressing each sector.

This node addresses the structure of the sector-specific valuation sub-series and the general proposition that methodology selection and evidentiary considerations vary by property type. It does not itself set out general valuation methodology, addressed in node 36100, or the professional standards and reporting framework applicable across all sectors, addressed in node 36200.

It does not address market pricing dynamics or the analysis of prevailing conditions in a given property sector, which is addressed in APN’s separate market analysis content.

• ANZVGN sector-specific guidance notes

  Australian Property Institute & Property Institute of New Zealand

  Provide valuation guidance tailored to residential, commercial, rural, and specialised property sectors.
• 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 sector-wide valuations conducted for rating and land tax purposes.
• Corporations Act 2001 (Cth)

  Australian Securities and Investments Commission

  Imposes independent valuation requirements applicable across property types held by entities subject to takeover or related party transaction provisions.
• Foreign Acquisitions and Takeovers Act 1975 (Cth)

  Foreign Investment Review Board

  Is relevant to the valuation evidence required in support of foreign investment applications, particularly for rural and agricultural land.

The evidence base and analytical emphasis a valuer applies shift materially with the property sector under consideration.