Area: | School of Economics and Finance |
Credits: | 25.0 |
Contact Hours: | 3.0 |
Lecture: | 1 x 2 Hours Weekly |
Laboratory: | 1 x 1 Hours Weekly |
Prerequisite(s): | 304361 (v.3) Valuation Methodology 550 or any previous version
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Syllabus: | Valuations of properties for statutory purposes or where the value is heavily influenced by the law. Rating valuations under the Valuation of Land Act and associated case law. The procedures and bases of compensation when land is taken compulsorily, for example under the Land Administration Act in Western Australia, and associated case law. Relevance of other statutes to valuations of properties affected by native title claims, heritage listing, contamination and similar. Introduction to rent reviews, GST & Native title. Prescribed standards and case law. |
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Unit Outcomes: | Upon completion of this unit students will have gained knowledge of relevant legislation requiring valuation of property for rating or compensation purposes and the skills and knowledge required to carry out valuations according to the legislation. Gained familiarity with relevant case law relating to the valuation profession and other legislation which might impact on the value of some real property. Become Familiar with valuations methods that are heavily influenced by legal requirements. Knowledge of how issues involved in these legally defined valuations apply in all valuations. Have concepts of pricing models and value definitions as applied by VGO and in compulsory acquisitions. Gained Knowledge of quality control in valuations practices. |
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: | Wang and Wolverton, (Ed), (2002), Real Estate Valuation Theory, Boston, Kluwer Academic Publishing. Hyam A. (1995), The Law Affecting the Valuation of Land in Australia, 2nd Ed, The Law Book Company. |
Unit Texts: | Australian Institute of Valuers and Land Economists, (1997). Valuation Principles and Practice, Camberra,AIVLE. |
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Unit Assessment Breakdown: | Essays (2) 20%. Final examination 40%. Valuation reports (3) 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: | Essential | 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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