Residential and Rural Sale ratio statistics Tolerance Median sales ratio 0.90–1.0 Price related differential 0.98–1.03 Coefficient of Dispersion <10 Value Shift Statistic - Difference between average change in SV and CIV <10 per cent for sold and unsold properties, and NAV for leased and properties ‘other’ Commercial and Industrial Sale ratio statistics Tolerance Median sales ratio 0.85–1.0 Median Site Value sales ratio 0.90–1.0 Median Rental ratio 0.85–1.0 Coefficient of Dispersion <15.0 Difference between average change in SV and CIV for sold and unsold <10 per cent properties, and NAV for leased and properties ‘other’ For further information refer Appendix B, C and D. Templates VGV issues templates for each stage. The VGV 2019 Stage 2 templates are to be used by valuers to assist in meeting the VBPSG output requirements. Stage 2 tasks and outputs summary Task Output (provide electronically) Reconfigure SMGs identified for review Use the 2019 VBPSG templates. at Stage 1. Document any amendments to the composition of all SMGs since Stage 1 and advise VGV prior to submission of Stage 2. Prepare sales database from council Report on the methods used to collect up-to-date rental records and all other available sources. information and comment on the standard of data obtained. Formally request property data under Where rental questionnaires are sent out, report the number sent Section 3A of the Act to obtain where and the percentage returned. applicable: Report on the percentage of current rental data referenced against current lease and occupancy the total number of leased properties. information The data collected must be of sufficient quality to meet the Preparation requirements for certification. building areas relevant property data on special use properties. Prepare rental database from surveys and tenancy/outgoings schedules and other sources.
Residential and Rural Sale ratio statistics Tolerance Median sales ratio 0.90–1.0 Price related differential 0.98–1.03 Coefficient of Dispersion <10 Value Shift Statistic - Difference between average change in SV and CIV for sold and unsold properties, and NAV for leased and ‘other’ properties <10 per cent Commercial and Industrial Sale ratio statistics Tolerance Median sales ratio 0.85–1.0 Median Site Value sales ratio 0.90–1.0 Median Rental ratio 0.85–1.0 Coefficient of Dispersion <15.0 Difference between average change in SV and CIV for sold and unsold properties, and NAV for leased and ‘other’ properties <10 per cent For further information refer Appendix B, C and D. Templates VGV issues templates for each stage. The VGV 2019 Stage 2 templates are to be used by valuers to assist in meeting the VBPSG output requirements. Stage 2 tasks and outputs summary Task Output (provide electronically) Preparation Reconfigure SMGs identified for review at Stage 1. Use the 2019 VBPSG templates. Document any amendments to the composition of all SMGs since Stage 1 and advise VGV prior to submission of Stage 2. Prepare sales database from council records and all other available sources. Formally request property data under Section 3A of the Act to obtain where applicable: current lease and occupancy information building areas relevant property data on special use properties. Prepare rental database from surveys and tenancy/outgoings schedules and other sources. Report on the methods used to collect up-to-date rental information and comment on the standard of data obtained. Where rental questionnaires are sent out, report the number sent and the percentage returned. Report on the percentage of current rental data referenced against the total number of leased properties. The data collected must be of sufficient quality to meet the requirements for certification.
2019-Valuation-Best-Practice-Specifications-Guidelines.docx