Statutory Valuations

Course code ARBE6372Units 10Level 6000Faculty of Engineering and Built EnvironmentSchool of Architecture and Built Environment

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.

Available in 2015

WebLearn GradSchoolTrimester 2
Previously offered in 2014
ObjectivesOn 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.
Content1. 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
Industrial Experience0
Assumed KnowledgeARBE6351 Property Investment and Evaluation
Modes of DeliveryDistance Learning : IT Based
External Mode
Teaching MethodsIndividual Supervision
Self Directed Learning
Assessment Items
Essays / Written AssignmentsAssignment 2 - Case study project to provide a compensation report for a resumption.
Essays / Written AssignmentsAssignment 1 - A statutory report for a rating or specialist valuation
Group/tutorial participation and contributionWeekly Review
Contact HoursSelf Directed Learning: for 10 hour(s) per Week for Full Term
Tutorial: for 3 hour(s) per Week for Full Term
Timetables2015 Course Timetables for ARBE6372