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Land valuation

Boensch v Valuer-General of New South Wales

Appeal from a Class 3 land valuation decision dismissed. The Court rejected complaints about procedural fairness, comparable sales, flood classification and estoppel.

  • Procedural fairness
  • Comparable sales
  • Flood risk classification
  • Foreshore building line
  • Estoppel
  • Onus of proof
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Administrative law

Verran v Valuer-General

Verran v Valuer-General [2018] NSWLEC 1086

Appeal under the Valuation of Land Act 1916 dismissed. The Court confirmed the Valuer-General’s $937,000 land value for 16 Reginald Avenue, Belmore.

  • Land valuation
  • Comparable sales
  • Dual occupancy development
  • Statutory easement
  • Development control plan
  • Land use zoning
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Valuation of land

CFS Managed Property Limited v Valuer-General

CFS Managed Property Limited v Valuer-General [2016] NSWLEC 2

Heritage-restricted Sydney CBD land was valued using the sale of a 50% interest in the subject property, with adjustments for depreciation and statutory assumptions.

  • Heritage restriction
  • Statutory valuation methodology
  • Land value determination
  • Comparable sales
  • Valuation evidence
  • Heritage-land-valuation
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Property

Toveno Pty Limited v Roads and Maritime Services

Toveno Pty Limited v Roads and Maritime Services [2014] NSWLEC 1266

The Court valued compulsorily acquired frontage land at $265,000, rejected rental-loss and related claims, and awarded agreed legal and valuation costs.

  • Compulsory acquisition
  • Valuation
  • Comparable sales
  • Expert evidence
  • Compensation for legal and valuation costs
  • Compulsory-acquisition
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Valuation law

Wu v Valuer General (No 2)

Wu v Valuer General (No 2) [2013] NSWLEC 1160

The Court upheld seven valuation appeals for Belrose land, found residential use was appropriate, and applied a larger adjustment for odour from a nearby waste facility.

  • Statutory valuation
  • Land value assessment
  • Comparable sales
  • Adjustment for land affectation (odour)
  • Statutory-valuation
  • Land-value-assessment
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Property law

Rostam Pty Ltd v Valuer General; Shavran Pty Ltd v Valuer General

Rostam Pty Ltd v Valuer General; Shavran Pty Ltd v Valuer General [2011] NSWLEC 1387

The Court allowed appeals by two adjoining landowners and reassessed land values for their Surry Hills properties under the Valuation of Land Act 1916.

  • Valuation of land
  • Land value appeals
  • Land improvements
  • Comparable sales
  • Highest and best use
  • Land-valuation
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Valuation of land

P&N Group Holdings Pty Ltd –v- Valuer General

P&N Group Holdings Pty Ltd –v- Valuer General [2010] NSWLEC 1125

The Court upheld an appeal against the Valuer General and reduced the land value of 36-38 Victoria Street, Burwood to $1,530,000 as at 1 July 2007.

  • Land value assessment
  • Comparable sales
  • Improvements and land improvements under valuation legislation
  • Land-value-assessment
  • Comparable-sales
  • Valuation-of-land-act
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Property law

Bow v Blacktown City Council

Bow v Blacktown City Council [2008] NSWLEC 211

Compulsory acquisition compensation case about the value of land affected by Cumberland Plain Woodland, a creek, and comparable sales.

  • Market value
  • Compensatory offsets
  • Threatened species
  • Comparable sales
  • Zoning
  • Development constraints
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Valuation of land

ISPT Pty Limited v Valuer General

ISPT Pty Limited v Valuer General [2008] NSWLEC 114

Merits appeals over Fairfield Forum land valuations were dismissed. The Court preferred comparable sales analysis, especially the Neeta City sale, and upheld the Valuer General's approach.

  • Land valuation
  • Merits appeal
  • Statutory valuation
  • Comparable sales
  • Unimproved value
  • Land-valuation
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Property law

JP Morgan Trust v Valuer General

JP Morgan Trust v Valuer General [2006] NSWLEC 320

Appeals over land valuations for Oxley Mall at Bowral were dismissed. The Court rejected use of the 2002 sale as an arm’s-length comparable and preferred adjusted comparable sales evidence.

  • Land valuation
  • Arm's-length transaction
  • Comparable sales
  • Hypothetical development approach
  • Adjustment for time
  • Valuation principles
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