Statutory and Advanced Valuations

Undergraduate | 2026

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Mode icon
Mode
Mode
Your studies will be on-campus, and may include some online delivery
On campus
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Area/Catalogue
MARK 3204
Course ID icon
Course ID
200301
Campus icon
Campus
Adelaide City Campus East, Adelaide City Campus West
Level of study
Level of study
Undergraduate
Unit value icon
Unit value
6
Course owner
Course owner
School of Accounting and Fin
Course level icon
Course level
3
Work Integrated Learning course
Work Integrated Learning course
No
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Inbound study abroad and exchange
Inbound study abroad and exchange
The fee you pay will depend on the number and type of courses you study.
Yes
University-wide elective icon
University-wide elective course
Yes
Single course enrollment
Single course enrolment
Yes

Course overview

The aim of this course is to equip students with a deep understanding of statutory valuations and the ability to apply appropriate valuation methods, ultimately delivering well-supported valuation advice. Emphasis will be on problem-solving, analysis, and presenting arguments. Continuous assessment, including a case study and exam, will develop and evaluate these skills. By the end of the course, students should be confident in tackling real-world statutory valuation problems. The course is workshop-based, focusing on solving problems through case studies and discussions. Active preparation by studying online materials is crucial, as students will lead discussions and problem-solving exercises each week.

Course learning outcomes

  • Apply international best practice to develop automated valuation models and evaluate the accuracy and uniformity of assessed values
  • Demonstrate the practical application of compulsory land acquisition concepts in the determination of compensation amounts
  • Apply Insurance Valuation concepts to determine the limit of liability in building insurance contracts
  • Apply valuation reporting standards to estimate the fair value of land and buildings
  • Explain the role of the valuer as an expert witness

Prerequisite(s)

  • Must have completed all of BUSI2027 Property and Real Estate Law/ECON1012 Data Analytics/MARK2200 Property Economics

Corequisite(s)

N/A

Antirequisite(s)

N/A

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Degree list
The following degrees include this course