Compulsory Acquisition
If your property has been identified as being required for public
purposes, an authorised authority will require the acquisition of your land, whether a portion or total
property, and subsequently will begin negotiations as to the correct amount of compensation payable for
this procurement.
Whatever your requirement, Valuations SA is ready to assist you in
negotiating a fair settlement with the acquiring authority.
Compensation valuations for the purpose of Compulsory Acquisition are
extensive valuation reports of over 25+ pages. They must be completed by a registered valuer who will
accurately assess the Just Terms and Heads of Claim to ensure your settlement is a fair and thorough
one.
The Heads of Claim include:
Market Value
The amount that would have been paid for the land if it had been sold at
that time by a willing but not anxious seller to a willing but not anxious buyer.
Special Value
This describes how the valuer will assess any special value of the land
to the landowner that puts them at a financial advantage i.e. the special value the owner would be
prepared to pay to retain the land. It must be specific to the landowner only.
Severance
This refers to any loss attributable to severance generally arising from
the separation or division of the land and as a result the reduced value of the remainder.
Disturbance
This encompasses any loss attributable to costs reasonably incurred by
the landowner as a result of the acquisition including but not limited to legal costs, valuation fees,
relocation costs, stamp duty, mortgage costs, and any other financial costs associated with the
acquisition.
All of our property valuers are registered with the Australian Property
Institute (API) and all have a minimum of 20 years’ experience. We can have one of our expert valuers
out to inspect your property within a day’s notice, with our reports only taking 3-4 days to
complete.
For a free quote, or for any general enquiry, please call our office
today on (08) 7078 3538 and our friendly staff will be happy to assist you. Alternatively, please fill
out your details in our Online Enquiry Form and we will get back to you as soon as possible.
Please contact us for a guaranteed competitive
quote.
