The API Standards Steering Committee (SSC) has approved the release of a new TIP (ANZTIP14) Considerations when Forming an Opinion of Value when there is a Shortage of Market Transactions which is effective from 1 January 2021 with earlier adoption recommended.

This is a new TIP.

The objective of this TIP is to set out guidance to assist Valuer Members (Valuers) with forming a professional opinion as to the value of an asset when there is a shortage of market transactions available for use as valuation inputs as at the date of valuation.  For the purposes of this TIP, references to ‘market transactions’ and ‘prices’ includes both sales and leasing.

To download a copy of this TIP click here.

For any enquiries please email standards@api.org.au.