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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