Background
Hunter Central Coast Development Corporation (HCCDC) required an independent valuation of the University of Newcastle’s Gosford campus to support financial reporting obligations. The asset sits within the Gosford CBD, an area undergoing significant renewal and investment, requiring a considered approach to market evidence and positioning.
Complexity
The engagement involved several layers of complexity, including:
- A specialised asset combining education, commercial and civic functions
- Limited directly comparable transactions within the Gosford CBD
- A dynamic market context influenced by broader urban renewal initiatives
- The need to align valuation assumptions with financial reporting standards
Solution
EPS undertook a structured and evidence-based valuation approach, grounded in both local market insight and broader property trends.
- Market Analysis: Reviewed recent development site transactions across Gosford CBD to establish relevant benchmarks
- Asset Positioning: Assessed the campus within the context of Gosford’s evolving commercial and institutional landscape
- Comparable Evidence: Interpreted and adjusted comparable sales to reflect differences in scale, use and timing
- Financial Reporting Alignment: Prepared valuation outputs consistent with applicable reporting frameworks and audit expectations
EPS worked closely with HCCDC to ensure transparency of assumptions and clarity in how market evidence informed the final valuation position.
Impact
The valuation provided a clear and defensible basis for financial reporting.
- Supported compliance with financial reporting requirements
- Reduced uncertainty through transparent and evidence-based assumptions
- Provided a consistent valuation framework aligned with market conditions
- Enabled informed asset management and reporting decisions
