Jones v Valuer-General [2003] NSWLEC 435

Jones v Valuer-General [2003] NSWLEC 435

After analysing comparable sales, making relevant adjustments, and considering expert evidence, the appropriate land value for 99 The Drive, Stanwell Park as at 1 July 2001 is determined to be $690,000, a figure a little less than the Valuer-General's contention.

Jurisdiction
Australia
Judgment Date
14 July 2003
Procedural Posture
Appeal / Judgment
Outcome
appeal allowed
Legal Topics
['land Valuation' 'comparable Sales Analysis']
['property Law'] ['land Valuation' 'comparable Sales Analysis']

Case Brief

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Procedural Posture

Appeal / Judgment

Legal Issues

  1. 1 ['Whether the land value determined by the Valuer-General for 99 The Drive, Stanwell Park as at 1 July 2001 was too high' 'How comparable sales and valuation reports inform the land value']

Ratio Decidendi

After analysing comparable sales, making relevant adjustments, and considering expert evidence, the appropriate land value for 99 The Drive, Stanwell Park as at 1 July 2001 is determined to be $690,000, a figure a little less than the Valuer-General's contention.

Court Disposition

appeal allowed

Orders

  • ['The appeal is allowed.' 'The land value of 99 The Drive, Stanwell Park, as at 1 July 2001 is amended to $690,000.' 'The exhibits may be returned.']