估价实践中与物理和气候变化相关的风险识别:澳大利亚视角

IF 1.6 Q3 BUSINESS, FINANCE Journal of Property Investment & Finance Pub Date : 2021-02-26 DOI:10.1108/JPIF-10-2020-0114
G. Warren-Myers, L. Cradduck
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引用次数: 9

摘要

目的本研究的目的是调查澳大利亚房地产估价师在估价实践中对房地产物理风险的识别和考虑。该研究进一步探讨了评估师对气候变化相关风险的考虑。设计/方法/方法研究方法包括对澳大利亚房地产协会成员的澳大利亚估价师进行的在线调查。在线调查包括结构化和非结构化问题,以探索估价实践中风险调查的类型和程度。发现分析表明,尽管估价师很容易识别和参与物理风险,但对气候变化风险缺乏了解和参与。这支持了需要更好的信息来源和指导,以告知估价师气候变化风险本身,并支持制定将纳入估价过程、做法和报告的考虑此类风险的具体机制。研究局限性/含义由于澳大利亚第一波新冠肺炎封锁期间调查部署的时间,研究受到样本量较小的限制。因此,这些发现不一定代表澳大利亚估价行业,但它们确实表明了当前在实践中识别风险的方法,以及在气候变化风险方面需要更多指导。实际含义这项研究表明,需要更多的支持、指导、信息和工具,以及提高认识,使估价师能够准确识别影响房产的所有风险。独创性/价值该研究简要介绍了当前对估价实践中物理风险识别的理解。随着投资者和其他组织将他们对气候风险的分析整合到他们的投资组合和组织中,这项研究表明,估价师还需要意识到与房地产相关的物理和气候风险的不断变化的市场评估,以便在估价时加以考虑。
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Physical and climate change-related risk identification in valuation practice: an Australian perspective
PurposeThe purpose of this research is to investigate Australian property valuers' identification and consideration of physical risks to properties in valuation practice. The research further explores valuers' considerations of climate change-related risks.Design/methodology/approachThe research approach comprised an online survey of Australian valuers who were members of the Australian Property Institute. The online survey included structured and unstructured questions to explore types and extent of risk investigations in valuation practice.FindingsThe analysis reflects that while valuers easily identified and engaged with physical risks, there is a lack of understanding of, and engagement with, climate change risks. This supports the need for better information sources and guidance to inform valuers of climate change risks per se, as well as the development of specific mechanisms for consideration of such risks to be included in valuation processes, practices and reports.Research limitations/implicationsThe research is limited by the small sample size achieved due to the timing of the survey deployment, which occurred during the first wave of COVID-19 lockdowns in Australia. Thus, the findings are not necessarily representative of the Australian valuation profession, but they do provide indications of current approaches to risk identification in practice and the need for more guidance in relation to climate change risks.Practical implicationsThis research identifies that more support, guidance, information and tools, as well as awareness-raising, are required to enable valuers to accurately identify all risks affecting a property.Originality/valueThe research provides a snapshot of current understandings of physical risk identification in valuation practice. As investors and other organisations integrate and build up their analysis of climate risks to their portfolios and organisations, this research indicates that valuers also need to be aware of changing market assessment of physical and climate risks associated with property for consideration in valuation.
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来源期刊
CiteScore
3.50
自引率
23.10%
发文量
33
期刊介绍: Fully refereed papers on practice and methodology in the UK, continental Western Europe, emerging markets of Eastern Europe, China, Australasia, Africa and the USA, in the following areas: ■Academic papers on the latest research, thinking and developments ■Law reports assessing new legislation ■Market data for a comprehensive review of current research ■Practice papers - a forum for the exchange of ideas and experiences
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