Standard/template for property price analysis ?

Hello,

I've been a lurker on these forums for a while now and now have a question someone can hopefully help shed some light on.

My girlfriend has come home with an economics essay for me to 'help' her with.

Apparently in here in Germany there is something like a standardised assessment for working out the value of a given property. Her job is to find out what is used in Australia for the same purpose and then apply the template to two example properties.

I say 'her job'. I've got an economics degree, have bought a few investment properties in Melbourne in the last few years and the essay is to be written in english, my first langauage, not hers. Thus, her job is now my job.

Does anyone know of such a standardised template in Australia? Or does anyone have an especially detailed template they use themselves?

Many thanks,
Mike
 
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