Source: AVAA The Australian Taxation Office (ATO) has recently updated its guidance on the market valuation of assets, reinforcing the importance of objective, supportable, and well-documented valuation practices. The advice is significant for AVAA Certified Practising Valuers as it provides advice to taxpayers on when a valuation is required, what must be included in a report, and the expectations placed on professional valuers. That ATO update underscores the central role that ...

Source: REIQ Prices continued to rise across Queensland’s residential property markets in the June 2025 quarter (April – June 2025) with sustained growth redefining ‘entry level’ properties. The latest median sales results released by the Real Estate Institute of Queensland (REIQ) show statewide median sales prices for houses rose 3.66% to $850,000, and similarly, units lifted 3.41% to $698,000 over the quarter. As an upcoming Olympic City, Brisbane’s quarterl...

Source: AVAA The Auctioneers and Valuers Association of Australia (AVAA), a proudly member-driven organisation, confirmed its Board of Directors at the Annual General Meeting on 11 September 2025 to lead delivery of the 2025–30 AVAA Strategic Plan. The continuing AVAA National President is Tim Slattery, Co-Managing Director and co-owner of Slattery Auctions and Valuations.  With extensive industry experience and national operations across Australia, Tim provides in...

Source: IVSC Introduction
Although technology has been used in valuations for decades, recent advances may profoundly affect how valuations are performed and reported.
The IVSC recognises that technology continues to evolve and is increasingly influencing valuation practice. As with all developments that have the potential to shape or impact the valuation profession, the IVSC actively monitors advancements in this area. Our commitment remains to support professional valuers by helping th...

Source: AVAA (Auctioneers and Valuers Association of Australia) The AVAA recognises the growing integration of Artificial Intelligence (AI), including generative AI tools, into the valuation profession. While these technologies have the potential to support valuers in research, analysis, and report drafting, their use must remain consistent with professional responsibilities, ethical obligations, and the principles set out in the International Valuation Standards (IVS). Under IVS Framework ...

Source: Courier Mail  Brisbane has begun overtaking its southern rivals but innovation will be vital to housing and moving its growing population, a "smart" cities conference has heard.  The Brisvegas economy was set to grow up to 40 per cent in the coming decade and by a whopping 70 per cent in the next 20 years according to Peter Hyland, director of prominent urban consultancy Urbis.  The population would increase by 1.2m in the coming decade and the Olympics was...

Source: Cotality In May this year, the median house value across Brisbane surpassed $1 million for the first time on record – pushing the city into the exclusive million-dollar club alongside Sydney.The median house value hit $1,006,000 in May, up from$996,000 in the previous month and $942,000 a year prior. In June, house values continued to move higher, with the median lifting to $1,011,000. June also marked the ninth consecutive month that Brisbane was the second-highest house mar...

Source: CoreLogic Australian housing values rose by 0.6% in June, marking a fifth straight month of growth following the -0.3% dip seen between November and January. Monthly gains were recorded across almost every broad region of Australia, with Hobart (-0.2%), the only capital city or rest-of-state region to see a month-on-month fall. The June quarter saw national home values rise by 1.4%, following a 0.9% lift through the first quarter of the year and a -0.1% decline in Q4 last year. ...

Source: Linkedin Australia's housing market is now in a coordinated acceleration phase, with every single major market now exhibiting monthly growth rates that signal significant momentum building across the nation. Perth's 1.3 per cent monthly growth, if sustained, would deliver annual returns well above its current 11.6 per cent annual rate. Similarly, Darwin's 1.3 per cent monthly pace suggests the market is running considerably hotter than its 7.1 per cent annual figure indic...

Source: The Sydney Morning Herald The cost of building a new house has reached a record high, and experts warn there’s little chance that prices will ease. Labour and materials costs jumped when the pandemic began as lockdown-era stimulus of the construction industry collided with a global inflation breakout, and costs show no sign of reverting to previous levels. The average cost to build a new house is $504,109 as of March, analysis by this masthead of ABS building approvals data...