Property Valuations in the Family Law Courts of Australia

Deborah Leshinsky

ERES from European Real Estate Society (ERES)

Abstract: The courts are currently ill equipped to assess property valuations. Judges face conflicts in the system, and there is a lack of clarity regarding current market valuations. At present, arbitrary and unpredictable valuations are being accepted. Current outcomes can be harmful to litigants and wasteful to society. Judges face the same valuation uncertainty as the parties themselves. Expert witnesses consequently are always going to be called by the courts therefore the system is in need of a set of new protocols to minimize such a requirement. This study intends to fulfill an identified need by providing more depth to the existing knowledge. The findings are designed to make a contribution to academic research in this field. In order to minimize and eliminate errors, maintain credibility, and refrain from bias, property valuers must not deviate from the true value of property. As part of my methodology I propose to utilize GIS method with the valuations that come to the court regarding the estimation of the peoples income well being and happiness. The people who bring property valuations to the court would need to be classified in areas and people in regard to employment.

Keywords: Family Law valuations; Property Valuations; property valuations and seperation; propety and divorce; valuations and the expert wittness (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2017-07-01
New Economics Papers: this item is included in nep-law
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