A note on valuation accuracy: an Australian case study

Having considered the quantitatively analytical literature concerning valuation accuracy, a number of practical limitations are identified. Such limitations are then addressed in a small sample case study concerning the simultaneous valuation and sale of a portfolio of seven commercial, retail and industrial properties. The level of valuation accuracy observed is compared to that noted in the quantitatively analytical literature and found to be supportive at the portfolio level, suggesting that such practical limitations may have relatively little effect on the results given in such literature. However, having regard to the range and consistency of accuracy at the individual property level, it is contended that further research into the influences on accuracy at the individual property level could be worthwhile.