Valuer General of New South Wales v Esperia Court Pty Ltd

• 1. Valuation of Land
  2. › Land value
  3. › Comparable sales method
  4. › Whether judicial valuer required to attribute differing weight to different comparable sales
  5. › Whether placing equal weight on comparable sales constitutes error in valuation principle
  6. › Whether error in valuation principle constitutes error on question of law
  7. › Valuation of Land Act 1916 (NSW), ss 6A, 37(1), 40(1), Pt 1B
• 1. Valuation of Land
  2. › Land value
  3. › Comparable sales method
  4. › Whether calculation of median and average of adjusted rates from comparable sales constitutes impermissible averaging
  5. › Whether averaging of adjusted rates is error in valuation principle
  6. › Valuation of Land Act 1916 (NSW), s 6A
• 1. Valuation of Land
  2. › Land value
  3. › Comparable sales method
  4. › Whether Valuation of Land Act 1916 (NSW) prescribes use of comparable sales method or particular methodology
  5. › Whether valuation principles derived from case law of other jurisdictions control statutory valuation task
  6. › Valuation of Land Act 1916 (NSW), ss 6A, Pt 1B
• 1. Appeal
  2. › Appeal on question of law only
  3. › Identification of question of law
  4. › Whether alleged error in valuation principle constitutes error on question of law
  5. › Land and Environment Court Act 1979 (NSW), s 57(1)

Quick Take