In the context of medium-density residential development, finance is often sought by the developer and apartment purchasers. The lending institution, in turn, seeks a property valuation for mortgage security purposes.
This project aims to develop an understanding of:
- The valuation process and the effect of energy efficiency initiatives on overall value of a property; and
- The tools required by valuation professionals to enable energy efficiency to be incorporated into the valuation process.
It is currently unknown how the energy efficiency is or is not incorporated within the property valuation process. This small research project will consult directly with valuers to develop insights in why this component of housing is oversighted in the valuation of residential properties in Australia
The research methods to collect data will be via an online survey using a three-round Delphi technique to establish a level of consensus among property valuers.