Property Valuation for Financial Reporting
Independent, RICS-compliant property valuations for financial statements, balance sheets, and regulatory compliance. Audit-ready reports prepared under AASB 13 and AASB 116 standards.
About This Purpose
What Is Property Valuation for Financial Reporting?
A financial reporting valuation is an independent assessment of a property's fair value, required under Australian Accounting Standards for inclusion in financial statements, balance sheets, and annual reports. These valuations are essential for compliance with AASB 13 (Fair Value Measurement), AASB 116 (Property, Plant and Equipment), AASB 140 (Investment Property), and corresponding International Financial Reporting Standards (IFRS).
Entities that hold property assets on their balance sheet, whether as owner-occupied property, investment property, or property held for development, need regular valuations to ensure their financial statements accurately reflect current values. This is particularly important for listed companies, government entities, superannuation funds, and any organisation subject to external audit.
At Landmark Valuations, our financial reporting valuations are prepared in accordance with RICS Red Book Global Standards 2025, which aligns directly with the fair value hierarchy and measurement requirements of AASB 13. Our valuers understand the specific disclosure requirements that auditors expect and structure their reports to satisfy both accounting standards and audit review processes. We can value individual properties or entire portfolios across all Australian states and territories with a consistent methodology.
Our Promise
Why Landmark Valuations.
RICS Compliance
Every valuation follows RICS Red Book Global Standards 2025 and IVS. Reports accepted by banks, courts, the ATO, and regulatory bodies across Australia.
Legal Defensibility
Prepared to withstand legal scrutiny. Court proceedings, tax disputes, regulatory submissions — our reports provide authoritative evidence of market value.
National Coverage
Valuers across all eight Australian states and territories. Consistent quality, single point of contact, wherever your property sits.
Next Steps
What happens after the valuation?
After the valuation is completed, the report is provided to your finance team for incorporation into financial statements. The valuation establishes the fair value of property assets for the relevant reporting date, and our reports include the detailed methodology, assumptions, and disclosures required by Australian Accounting Standards.
Your external auditors will review the valuation methodology, key assumptions, and conclusions as part of their audit procedures. A RICS-compliant report from a regulated firm satisfies the independence and competency requirements that auditors assess when evaluating the reliability of management's valuation inputs. Our valuers are available to discuss methodology and assumptions directly with your audit team.
For organisations with large property portfolios, we can establish an ongoing engagement that aligns with your financial reporting calendar. This ensures timely delivery of valuations, consistent methodology year-on-year, and a streamlined process for both your finance team and auditors.
Compliance
RICS Red Book Compliant.
Every valuation we produce adheres to the Royal Institution of Chartered Surveyors (RICS) Red Book Global Standards 2025 and the International Valuation Standards (IVS). Your report is recognised by banks, courts, the Australian Taxation Office, and regulatory bodies worldwide. RICS regulation brings rigorous quality assurance, professional indemnity insurance, and a complaints handling process that protects your interests at every stage.
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FAQ
Frequently Asked Questions
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Coverage
Every state, every territory.
RICS-regulated valuations from Sydney to Hobart, Darwin to Perth, and every postcode in between.