The residual skills to augment property valuation

Artificial intelligence (AI) has the potential to redefine the way we value property, presenting the contemporary valuer with a new suite of skills to pursue. This research seeks to define the residual skills necessary to complete a valuation in today’s technology augmented practice. This paper commences with a revisit of research into skills development within Australian universities and the emerging role of technology, specifically AI, in preparing valuations. The latter part of the research presents valuation as a framework, or environment, where tasks and roles are allocated. The mapping and allocation of tasks requires careful consideration of ecological and symbiotic relationships, between the human valuer and AI. The residual role of the property valuer defines the new skills necessary to complete a practical valuation.