Statutory Valuations

10 Units

Develop the students skills and knowledge to carry out valuations for rating and taxing purposes and assess compensation for compulsory acquisition and resumption of land.

Faculty Faculty of Engineering and Built Environment
School School of Architecture and Built Environment
Availability Trimester 1 - 2014 (WebLearn GradSchool)
Trimester 3 - 2014 (WebLearn GradSchool)
Trimester 2 - 2015 (WebLearn GradSchool)

On completion of this course students are expected to: (1) Understand the legal concepts of statutory valuations, including rating and taxing, valuation of land Act, role of court and expert witness, specialist valuations, compulsory acquisition, resumption and compensation. (2) Ability to prepare a statutory report for a rating or specialist valuation. (3) Ability to prepare a compensation report for a resumption.

  1. Introduction to principles of Statutory Valuations
  2. Types of valuations used for rating & taxing
  3. Valuation of Land Act
  4. Role of Court in Statutory Values
  5. Specialist Valuations
  6. Valuation methods of statutory valuations
  7. Practical application in rating and taxing values
  8. Principles of Acquisition and resumption
  9. Land acquisition and compensation Act
  10. Determination of compensation
  11. Practical application in compulsory acquisition and resumption.
Replacing Course(s) ARBE6371
Transition NIL
Industrial Experience 0
Assumed Knowledge ARBE6351 Property Investment and Evaluation
Modes of Delivery Distance Learning : IT Based
External Mode
Teaching Methods Individual Supervision
Self Directed Learning
Assessment Items
  • Essays / Written Assignments - Assignment 2 - Case study project to provide a compensation report for a resumption.
  • Essays / Written Assignments - Assignment 1 - A statutory report for a rating or specialist valuation
  • Group/tutorial participation and contribution - Weekly Review
Contact Hours
  • Self Directed Learning: for 10 hour(s) per Week for Full Term
  • Tutorial: for 3 hour(s) per Week for Full Term
Compulsory Components None listed
Course Materials
  • Law of Compulsory Land Acquisition
Timetable 2015 Course Timetables for ARBE6372

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