Area: | School of Economics and Finance |
Credits: | 25.0 |
Contact Hours: | 3.0 |
Laboratory: | 1 x 1 Hours Weekly |
Seminar: | 1 x 2 Hours Weekly |
Prerequisite(s): | 13324 (v.3) Valuation Methodology 301 or any previous version
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Syllabus: | Valuation of Land Act and associated case law. That section of the Public Works Act and Metropolitan Region Scheme Act related to issues of resumption and compensation and associated case law. Other Acts of relevance - for example, Native Title Legislation, Heritage Act, Strata Title Legislation and relevant case law. Valuation methods for compensation valuations, heads of compensation, GST relevance for valuation. |
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Unit Outcomes: | On successful completion of this unit students will have - Become familiar with valuations and methods that are heavily influenced by legal requirements. Shown how principles involved in these legally defined valuations apply in all valuations. Knowledgeof concepts of pricing models and value definitions as applied by VGO and in compulsory acquisitions compared to market valuations. Knowledge of quality control in valuations practices. Knowledge of major court cases affecting valuation practice. |
Texts and references listed below are for your information only and current as of September 30, 2003. Some units taught offshore are modified at selected locations. Please check with the unit coordinator for up-to-date information and approved offshore variations to unit information before finalising study and textbook purchases. |
Unit References: | AIVLE - Australian Institute of Valuers and Land Economists. (1997). Valuation Principles and Practice. AIVLE; API - Australian Property Institute. (1999). Professional Practice (2000). Australian Property Institute. ATO (2000). "Property and the New TaxSystem", Australian Taxation Office, revised 18/2/2000 (or more recent version); Hyam, A. (1995) The Law Affecting Valuation of Land in Australia, 2nd edition, Law Book Company; Lusht, K.M (1997) Real Estate Valuation Principles and Applications, Irwin; Sheehan, J. (1998) "Native Title - an update: Towards a Methodology", Australian Property Journal, Vol 35 (3), pages 226-236; Sheehan, J. (1999) "Valuing Land Subject to Native Title Claims", Australian Property Journal, Vol 35 (8), pages 704-711; Whipple, R.T.M. (1995) Property Valuation and Analysis, Law Book Company. |
Unit Texts: | Australian Institute of Valuers and Land Economists, (1997), Valuation Principles and Practice, 1st ed., Australian Institute of Valuers and Land Economists. (now Australian Property Institute). |
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Unit Assessment Breakdown: | Valuation Reports (3) 40%, Essays (2) 20%, Final Examination 40%. This is by grade/mark assessment. |
Field of Education: | 89903 Valuation | HECS Band (if applicable): | 2 |
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Extent to which this unit or thesis utilises online information: | Not Categorised | Result Type: | Grade/Mark |
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Availability
| Year | Location | Period | Internal | Area External | Central External | | 2004 | Bentley Campus | Semester 2 | Y | | |
Area
External | refers to external course/units run by the School or Department, offered online or through Web CT, or offered by research. |
Central
External | refers to external course/units run through the Curtin Bentley-based Distance Education Area |
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