Eres : Digital Library : Works

Paper eres2007_281:
An Appraisal Based Residential Property Index

id eres2007_281
authors MacFarlane, John; David Parker; Graeme Newell & Peter Rossini
year 2007
title An Appraisal Based Residential Property Index
source 14th Annual European Real Estate Society Conference in London, UK
summary Appraisal-based indices for commercial property have been well established for many years, yet it is only in relatively recent times that serious proposals for transaction-based commercial property indices have been put forward. In contrast, in the residential property market, transaction-based property indices have been almost universally accepted; despite their well documented problems. The paper considers existing approaches to measuring movements in the residential property market, issues surrounding index construction and includes a review of the relevant literature. Based on data provided by the Australian Valuation Office, the paper considers the development of an appraisal-based residential property index and discusses its applicability and performance in relation to a number of transaction-based indices used in Australia.
series ERES:conference
discussion No discussions. Post discussion ...
session Session F3: Land and Property Market Price Determination
last changed 2009/11/19 09:01
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