SMSF administration software provider Class has enhanced its offering with the inclusion of a certified commercial property valuation feature with the ability to generate comprehensive market valuation reports and rental assessments compliant with the needs of fund auditors.
The new feature will give users access to independent certified valuers’ assessments through real estate data specialist organisation PropTrack. Retrospective valuations will also be available under the arrangement.
Class chief executive Tim Steele described the new development as 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,” Steele explained.
PropTrack product executive manager Shelley Horton noted the inclusion of the valuation facility on the Class administrative platform will enhance accuracy, efficiency and transparency.
“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,” Horton said.
Specifically, the PropTrack service will deliver desktop valuations within eight business hours and short-form valuations within 48 hours from certified valuers.
According to Class, it is particularly relevant to provide SMSF trustees and practitioners access to a valuation service given the increased scrutiny this area of compliance will receive as a result of the impending introduction of the Division 296 tax.
The new facility’s importance has also been highlighted in the findings of the “Class Annual Benchmark Report 2025”, which found almost 30 per cent of the firm’s SMSF clients held direct property investments in the 2025 financial year and the funds in this cohort that held residential property saw those assets on average represent 50 per cent of the total value of the fund’s investments.
The new property valuation feature will be made available to Class users during the final quarter of 2025.
