Researchers develop simplified property valuation method
Researchers at the University of South Australia have developed a new technique they say will help the property sector gain a more realistic, reliable and practical view of the value of property.
The valuation technique was created using more than 30 years of sale information in metropolitan Adelaide. (Image source: Shutterstock.com)
Property valuation has long been something of an artform based on professional experience but researchers at the University of South Australia are transforming it into pure science.
They have developed a machine learning technique that makes property valuation more transparent, reliable, and practical, with the ability to accurately model the impact of urban development decisions on property prices.
Lead researcher, UniSA geospatial data analys…
