Asset Valuation Australia

An asset valuation assesses the fair value of an organisation’s physical assets — land and buildings, infrastructure, and plant and equipment — typically for financial reporting, audit, insurance, or asset management purposes. Where a standard property valuation addresses a single asset, an asset valuation usually covers an entire asset register: every depot, hall, office, reserve, pipeline, and vehicle fleet an organisation controls.

Most asset valuations are driven by the accounting standards. AASB 13 defines fair value, and AASB 116 requires that assets carried at revalued amounts be revalued with sufficient regularity that carrying values do not differ materially from fair value — the requirement that puts local councils, government agencies, schools, and asset-heavy corporates on a regular revaluation cycle, scrutinised by auditors and, for the public sector, by each state’s Auditor-General. Specialised assets with no active market — community halls, roads, water infrastructure — are valued on a depreciated replacement cost basis, while commercial and residential holdings are valued on market evidence. See our plain-English summary of AASB 13, 116 and 140 for what each standard requires.

Landmark Valuations delivers asset valuations across every Australian state and territory — from Hobart to Perth, Canberra to Darwin — to RICS Red Book Global Standards and the International Valuation Standards. Reports are structured for financial reporting: componentised where required, with useful lives and residual values documented, and methodology that withstands audit review. For portfolio engagements we agree a staged inspection program so disruption to your operations stays minimal.