This study aims to analyze value relevance of investment properties fair value and audit quality as moderating variable. The sample used is real estate and property companies listed in Indonesia Stock Exchange (BEI) 2012-2017. Sampling method is using purposive sampling technique. The number of companies that meet the criteria in this study is 25 companies selected sample research using purposive sampling. Data analysis using multiple regression while to test the moderation variable using sample split test. Based on the results of the analysis shows that investment properties fair value has value relevance and audit quality can increase value relevance of investment properties fair value.