As the use of AI becomes increasingly common across various industries, the Australian Property Institute recently conducted a survey to gauge the views of over 300 property professionals on the use of AI in property valuation. This Research Note presents the key findings from the survey.

Overall attitude

  • About two-thirds of survey respondents are open to using AI in the formulation of property valuation reports.
  • The most common view is that AI should be used only for certain functions.
  • One in six respondents did not have a view on this matter at the time of the survey.

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