by actionproperty | Feb 7, 2022 | Resumption & Compensation, Valuation Matters
A Qld Court has again confirmed that: Compensation should be ‘resolved in favour of a more liberal estimate.’ Where practicable, discretion should be exercised in favour of the claimant to achieve a just result. The Court’s function in assessing compensation is...
by actionproperty | Aug 30, 2021 | Leases & Rentals, Valuation Matters
A Qld Supreme Court has ruled a Valuers Determination invalid for not properly interrupting the requirements of the Lease concerning the meaning of “immediate vicinity”,” suburb or town”. This case highlights the preference for Valuers to seek advice where such...
by actionproperty | May 9, 2021 | Property Disputes, Valuation Matters
Market Valuation of historic or character homes potentially subject to heritage type restrictions can be challenging. A successful Appeal against a Brisbane City Council refusal to permit demolition, provides some further clarity. The central issue was whether the...
by actionproperty | Mar 20, 2019 | Property Disputes, Valuation Matters
An argument over how the value of lease incentives should be treated in the settlement documents ultimately torpedoed the contract of a commercial office complex opposite the Royal Brisbane Hospital. It highlights how lease incentives can potentially have unforeseen...
by actionproperty | Nov 15, 2018 | Property Disputes, Valuation Matters
The issues of (1) properly disclosed site contamination and (2) a subsequent value fall 30% below the purchase price, were pivotal in the high-profile dispute over an iconic Brisbane development site sale. Queensland’s Court of Appeal confirmed the initial...
by actionproperty | Jun 23, 2017 | Leases & Rentals, Valuation Matters
W.A.L.E. is a relatively new benchmark adopted by the Australian property investment industry. Obviously, it’s not a mammal, so what does it mean? Simply put, it is yet another benchmark by which to compare investment property value. The Property Council of...
