We now move to the cost approach the cost approach is a considerably more complex approach to the Brisbane comfortable sales method however despite. That what we gained Apulia is that with all this complexity doesn't give us quite as good a result although. There are places where we need to use it and especially in places where you don't have much by way of comparable sales at least direct sales it's also useful as a tech method. So this is a method which is often used as a secondary method for the residential property. So it's very important to be aware of it you have a great advantage of the cost approaches that teach you useful skills that are applicable to the other methods.

 So you actually use skills that you need to focus on in the cost approach for your sales comparison approach and later on that we're going to see that that also applies to the income approach. Which is the third approach that you need to master the other advantage of the cost approach is that in some cases it is the only approach that is possible. This is an especially where you've got unique properties some specialists built properties.

So on and especially income producing properties you may need to use the cost approach because you don't have comparable sales at all. So while this method is not the recommended method to be the primary approach for most valuations. It’s very important that the property valuations brisbane is on top of it and develops the skills that are lurking inside it.