On 18 December 2018, the Victorian Civil and Administrative Tribunal (Tribunal) issued an important decision regarding the assessment of the site value of a heritage registered property (ISPT Pty Ltd -v- Melbourne City Council and Valuer … Continued
Where only part of a property is required for a public purpose, what valuation methodology is most appropriate? The answer will depend upon the particular circumstances of each case unless you are valuing the acquisition of land … Continued
The Courts have again confirmed the use of the direct comparison approach is often the most reliable method of valuing what a hypothetical and willing (but not anxious) vendor and purchaser would agree to. This … Continued
The High Court has rejected a claim for planning compensation by owners of land who purchased the land after it had been reserved, confirming the established principle that purchasers of reserved land are not entitled … Continued
In a recent appeal from the Victorian Civil and Administrative Tribunal, the Supreme Court has confirmed the legislative intention of the before-and-after valuation method required in assessing compensation for partial land acquisitions. This provides important clarification … Continued
A recent Supreme Court land valuation decision has potential implications for municipal valuations and may require a change of approach when valuing larger properties comprising multiple occupancies. In Port of Melbourne Corporation v Melbourne City … Continued
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