The valuation profession in Australia: Profile, analysis and future direction

Elliott, Peter and Warren, Clive M. J. (2005) The valuation profession in Australia: Profile, analysis and future direction. Australian Property Journal, 38 5: 362-367.

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Author Elliott, Peter
Warren, Clive M. J.
Title The valuation profession in Australia: Profile, analysis and future direction
Journal name Australian Property Journal   Check publisher's open access policy
ISSN 1441-4929
Publication date 2005-02-01
Sub-type Article (original research)
Open Access Status File (Author Post-print)
Volume 38
Issue 5
Start page 362
End page 367
Total pages 6
Place of publication Deakin, Australia
Publisher Australian Property Institute
Subject 310000 Architecture, Urban Environment and Building
350603 Real Estate and Valuation
1504 Commercial Services
Abstract Like many professions and industries the valuation profession is experiencing a more competitive environment. There is a need to establish where the valuation rofession is going and, by definition, where it is now, for strategic planning purposes at both the profession and corporate level. This paper analyses the issues facing the profession in Australia and uses Michael Porter's conceptual framework of "How Competitive Forces Shape Strategy" to better understand these issues and the direction the industry might take to succeed in an uncertain world. It is suggested that such an analysis could assist the strategic planning of major industry groups including API, RICS, as well as providing a basis for the Universities to consider the needs of the profession in the future.
Keyword Real estate valuation
Australia
Professional practice
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Q-Index Code CX
Additional Notes Paper presented at Pacific Rim Real Estate Society Conference - Melbourne 2005

 
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Created: Wed, 13 Apr 2005, 10:00:00 EST by Clive M J Warren on behalf of Faculty of Business, Economics & Law