Annotation. The Valuation of Real Estate (2nd Edition), prepared by the Australian property Institute and adapted for Australian students from a similar textbook by the Appraisal Institute, U.S., provides valuable insight into the world of property valuation. The content ranges from the foundations and nature of value, providing important distinctions, definitions and considerations. It guides readers through the various approaches and analyses relevant to undertaking valuation, including financial formulas and relevant case studies, and how these applications contrast for the traditional valuation of buildings and land, to the valuation of more unusual assets and sites.