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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...

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