SDRE12-100: Residential Property Valuation for Property Professionals

This subject develops the specialist knowledge and practical skills required for residential property valuation, a field that employs more certified practising valuers than any other area of valuation in Australia and is a core pathway into other forms of professional practice in valuation and the broader property industry. Building on earlier studies in valuation and property development, students examine the theoretical foundations and applied methodologies used to assess market value across a broad range of residential property types encountered in professional practice including detached dwellings, waterfront and prestige properties, strata-titled apartments, townhouses and villas, high-rise and walk-up developments, multi-unit dwellings, and rural residential properties. The subject also covers valuations undertaken prior to construction, construction progress inspections, and gross realisation assessments used in property development feasibility analysis. Students develop their practical skills through field-based learning, inspecting properties, undertaking market research, and preparing valuation reports to professional standards. The subject also addresses the professional, regulatory, and industry context within which residential valuers operate, including client expectations, risk management, professional standards, and the role of technology in contemporary valuation practice, including artificial intelligence, automated valuation models, and other prop-tech tools used by practitioners.