The Valuation of Real Estate, Second Edition, 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 textbook is relevant for a broad range of stakeholders including 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.
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