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A note on valuation accuracy: an Australian case study.

By: Series: Journal of Property Investment and Finance ; 17(4) 1999, 401-411(6)Publication details: 1999Subject(s): Summary: Reports on a case study involving the simultaneous valuation and sale of a portfolio of seven commercial, retail and industrial properties. The valuation of the portfolio as a whole was accurate, being on average only 2.5% above market prices. For individual properties the accuracy ranged from 8.8%-14.3% above market price. Accuracy was higher for retail and commercial property than for industrial property.

Reports on a case study involving the simultaneous valuation and sale of a portfolio of seven commercial, retail and industrial properties. The valuation of the portfolio as a whole was accurate, being on average only 2.5% above market prices. For individual properties the accuracy ranged from 8.8%-14.3% above market price. Accuracy was higher for retail and commercial property than for industrial property.