Noorbergen v VG [2006] NSWLEC 555

Noorbergen v VG [2006] NSWLEC 555

The valuation of $430,000 should be upheld as it reflects comparable sales, suitable adjustments, and accepted valuation principles, and no persuasive contrary evidence is provided by the applicant.

Parties
Applicant: Marcus Noorbergen; Respondent: Valuer General
Jurisdiction
Australia
Judgment Date
21 February 2006
Procedural Posture
Appeal / Final Judgment
Outcome
Appeal dismissed
Legal Topics
Land Valuation, Appeal on Valuation, Comparable Sales Methodology
Administrative Law Property Law Land Valuation Appeal on Valuation Comparable Sales Methodology

Case Brief

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Parties

Marcus Noorbergen

Applicant

Valuer General

Respondent

Procedural Posture

Appeal / Final Judgment

Legal Issues

  1. 1 Whether the valuation of 126 Lake Road, Balcolyn as at 1 July 2004 was correct
  2. 2 Appropriate methodology and comparable sales to determine land value

Ratio Decidendi

The valuation of $430,000 should be upheld as it reflects comparable sales, suitable adjustments, and accepted valuation principles, and no persuasive contrary evidence is provided by the applicant.

Court Disposition

Appeal dismissed

Orders

  • The appeal in respect of the property known as 126 Lake Road, Balcolyn is dismissed.
  • The valuation of $430,000 as at the base date 1 July 2004 is confirmed.