Property valuations decided through the court system in family law separation in Australia
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Published:2024-01-26
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ISSN:1463-578X
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Container-title:Journal of Property Investment & Finance
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language:en
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Short-container-title:JPIF
Author:
Leshinsky DeborahORCID,
McGreal Stanley,
Taltavull PalomaORCID,
McGough AnthonyORCID
Abstract
PurposeIn Family Law Court decisions in Australia, following divorce, the female party is frequently disadvantaged financially in the long term. This paper provides a critical assessment of valuation evidence as a data source in research and discusses valuation accuracy, valuation variation and valuation bias, as well as the Australian family court system and the role of valuers as expert witnesses. In particular, valuation in family law, as it relates to gender inequality, is discussed. The study aims to determine whether the current system of valuation in the Family Law Courts disadvantages women. This paper was important to reveal information that stakeholders in family law cases use on a day-to-day basis.Design/methodology/approachA database of 658 cases was developed and analysed to examine the influence of valuations of the matrimonial home provided by both the male and female parties on the final decision of the court.FindingsFindings showed that valuations from the female party had marginally more influence on the outcome. However, financial disadvantages for the female party persist despite this. This raises several questions for future research, regarding reasons for this persistent disadvantage.Research limitations/implicationsResearch limitations included a time-consuming process.Practical implicationsFurther researchers can use the findings from this paper to further research.Social implicationsSocial implications include the ability of the research to impact on society. In this regard, it was the matrimonial home in relation to divorce proceedings.Originality/valueThe originality of this paper stems from the analysis of a database that was created from a large number of cases from Austlii database family law cases.
Subject
General Economics, Econometrics and Finance,Finance,General Business, Management and Accounting,General Economics, Econometrics and Finance,Finance,General Business, Management and Accounting
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