Build to Rent is a new asset class in the property sector in Australia that is designed to boost housing supply nationally, improve the rental experience and foster a closer sense of community through amenity provided.
The purpose of this new API valuation guidance paper is to;
- promote a consistent approach to the valuation of this asset class
- provide information and guidance to Valuer Members undertaking valuations of Build to Rent property for any purpose
The consultation period for this paper was between 18 May 2022 and 1 July 2022.
The API is currently reviewing and collating the feedback received during the consultation period and will consider what amendments are appropriate to be made.
Should you have any queries please contact the standards team at [email protected]