Use of AI in property valuation is on the rise – but we need greater transparency and trust
- Written by William Cheung, Senior Lecturer, Business School, University of Auckland, Waipapa Taumata Rau
New Zealand’s economy has been described as a “housing market with bits tacked on”. Buying and selling property is a national sport fuelled by the rising value of homes across the country.
But the wider public has little understanding of how those property valuations are created – despite their being a key factor in most...
