Client perceptions of the quality of valuation reports in Australia

A survey of external users of commercial valuation reports was conducted in April 2004 to assess client perceptions of the quality of valuation reports in Australia. This 2004 survey highlighted the further consolidation and improvement in the quality of valuation reports that has occurred over recent years, reflected in the significant increase in the use of DCF analysis and higher levels of client satisfaction in valuations for all commercial property sectors. Continued concerns were raised over the failure to understand the complexities and market position of particular projects and the need for a greater emphasis on the current supply/demand situation.