Sydney, 14 October 2025 – Leading cloud-based accounting and Self-Managed Super Fund (SMSF) administration software provider Class has added certified commercial property valuations to its capabilities, delivering accountants comprehensive market valuation reports and rental assessments designed to meet audit needs.
This market leading capability has been introduced to ensure trustees are able to provide the ‘objective and supportable’ data required by the Australian Taxation Office (ATO) to accurately value property held within an SMSF.1
Last year, the ATO identified property valuations within SMSFs as a critical compliance issue, revealing more than 16,500 properties had not been revalued for over three years, signalling an expectation for valuations to be current and reflect market conditions. 2
According to the Class Annual Benchmark Report 2025, almost 30% of SMSFs on Class held direct property investments in FY25. Of these funds that held residential property, it on average represented half of the value of the fund.
The new commercial valuation feature provides access through PropTrack to independent, certified valuers assessments. It also enables retrospective valuations, streamlining a previously complex and often time-consuming task.
Valuations can be especially challenging for commercial properties, where rental yields and lease agreements are crucial to the process. The use of related-party real estate agents to provide valuations is increasingly regarded as non-compliant due to concerns around independence and potential conflicts of interest.1
Class CEO Tim Steele commented commercial property valuations are a timely enhancement for accountants: “Class is continually listening to our clients and innovating to ensure they stay ahead of regulatory change. By removing friction that exists in current processes, we are enabling accountants and administrators to more efficiently service the needs of their clients.”
With the proposed Division 296 tax targeting high-balance SMSFs, accurate and secure valuations are more important than ever. Outdated property values could result in incorrect tax outcomes, making prompt and reliable valuations essential.
PropTrack’s Executive Manager of Product, Shelley Horton, said: “PropTrack valuations as a service solution provide accurate, up-to-date information, making the process smoother and more transparent. It gives SMSF trustees the tools to go beyond simply stating a property value by delivering a clear, well-documented process that meets ATO expectations, showing the data used, the valuation method, and any assumptions made.”
Through PropTrack, certified valuers provide desktop valuations within eight business hours and short-form valuations within 48 hours, providing clients with increased efficiency, improved accuracy, and compliance.
The introduction of integrated commercial property valuations will be released to all class customers this quarter and is part of Class’s program of enhancements to deliver efficiency for financial professionals.
It follows Class’s integration with Australia’s leading property data providers to offer direct access to residential property title searches and integrations with all four major Australian Share Registries.
1 ATO Guide to valuing SMSF Assets
2 ATO targets property valuations in countdown to new $3m super tax
Fiona Harris
MOB: 0466 012 434
Email: fharris@hub24.com.au
About Class
Class Pty Limited is a pioneer in cloud-based wealth accounting and is recognised as one of Australia’s most innovative technology companies, delivering trust accounting, portfolio management, legal documentation and corporate compliance solutions to financial professionals across Australia.
For further information, please visit https://www.class.com.au
About HUB24
HUB24 Limited is listed on the Australian Securities Exchange, and consists of the award-winning HUB24 platform, HUBconnect, Class and myprosperity.
The HUB24 platform offers advisers and their clients a comprehensive range of investment options, including market-leading managed portfolio solutions, and enhanced transaction and reporting functionality. As one of the fastest growing platforms in the market, the platform is recognised for providing choice and innovative product solutions that create value for advisers and their clients. HUBconnect focuses on leveraging data and technology to provide solutions to common challenges for stockbrokers, licensees and advisers and enable the delivery of professional advice to more Australians.
For further information, please visit www.HUB24.com.au
Disclaimer
The information contained in this document is provided by Class Pty Limited (ABN 70 116 802 058) and its subsidiaries (collectively, Class) and is current as at 19 March 2025. It is factual information only and is not intended to be financial product advice, legal advice or tax advice, and should not be relied upon as such. This information is general in nature and may omit detail that could be significant to your particular circumstances. This information is provided in good faith and derived from sources believed to be accurate and current at the date of publication. The information given in this document is in summary form and does not purport to be complete. While reasonable care has been taken to ensure the information is correct at the time of publishing, superannuation and tax legislation and circumstances can change from time to time. Accordingly, neither Class nor any of its related bodies corporate make any representations or warranties as to the completeness or accuracy of the information in this document and none of these entities is liable for any loss arising from reliance on this information, including reliance on information that is no longer current. We recommend that you seek appropriate professional advice before making any financial decisions. Links to third-party websites are inserted for your convenience, but do not constitute endorsement of material on those sites or the relevant providers.
