The Law Affecting Valuation of Land in Australia provides a complete resource for practitioners by containing not only statements of principle, but also extensive references to case law, including the facts of each case, counsels' arguments and relevant excerpts from the judgments.A number of important cases in the field have been decided in the 5 years since the 4th edition, many of which are cited in this new edition (current to the end of 2013), further explaining and expanding the law of valuation. The 5th edition also features additional headings and sub-headings, making it easier for the reader to identify required subject matter.A standard reference for lawyers involved in valuation cases, The Law Affecting Valuation of Land in Australia is widely cited by Courts and Tribunals throughout Australia, particularly the High Court, the New South Wales Court of Appeal, the Land and Environment Court of New South Wales, and the Land Court and Land Appeal Court of Queensland.The book provides the reader with references to case and statute law in the various sub-topics and explores how they have developed. As well as covering legal principles it also contains many valuation principles that have been espoused and explained by the Courts and Tribunals. As such, it could be described as a valuation text as well as a legal text.Valuers, property professionals and students of valuation and land economy courses will welcome another of Alan Hyam's excellent works.

The Law Affecting Valuation of Land in Australia provides a complete resource for practitioners by containing statements of principle and extensive reference to case law, including the facts of each case, counsels arguments, and relevant excerpts from the judgments. This third edition is current to June 11, 2004. The third edition contains short definitions of land, fixtures, and improvements; defines various values with reference to the relevant case law; explains general principles and methods of valuation by reference to statutory provisions and case law; describes categories of land together with factors taken into account in their valuation; gives extensive treatment to valuations for rating and taxing purposes and compensation following compulsory acquisition of land by public authorities; and explains the role and qualifications of a valuer, including the valuers role as an expert witness and the valuation appeals procedure.

Real property in the form of investment, ownership and use pervades almost every aspect of daily lives and represents over 40% of Australia’s wealth. Such assets do not exist in isolation – they are dynamic and forever evolving, impacted by a range of physical, economic, demographic, legal and other forces. Consequently, a true appreciation of individual assets and of the property sector as a whole demands an understanding of both the assets themselves and the context and markets in which they exist. The sector is complex and, on the face of it, confusing. It is however, not without logic and underlying themes and principles. This book provides a wider understanding of how the real property sector works. It covers topics such as the nature of real property and its functions, economic drivers, valuation principles, legal and tenure parameters, property taxation, land development and subdivision, asset and property management and sustainability – all critical components in this complex and critically important sector. It provides a wide and balanced perspective for experienced practitioners, investors, students and anyone involved in property decision-making or wishing to secure a deeper understanding of these areas. The book integrates research-based theory with practical application and first-hand insights into a sector that underpins the Australian economy, its communities and its sustainability.

Legal textbook for members of the profession who practice in this area, practising valuers and land economists, students and other practitioners in the property professions. Second edition which updates the significant changes which have been made by statute of the law of compensation for the compulsory acquisition of land since the first edition was published in 1983. Quotes extensively from leading judgments, particularly in the assessment of compensation following the compulsory acquisition of land. Includes a table of cases, table of statutes and an index. The author is president of the Australian Institute of Valuers, Mayor of Parramatta City Council and a member of the Bar.

Land Tax in Australia demonstrates how land tax operates and is administered across State and local governments in Australia. International expert Vincent Mangioni reviews the current status and emerging trends in these taxes in Australia and compares them with the UK, USA, Canada, Denmark and New Zealand. Using substantial original research, the author sets out what Australia must do through practice and policy to reform and bring this tax into the 21st Century. The need for fiscal reform and strengthening the finances of Australia’s sub-national government is long overdue. These reforms aim to minimise the taxpayer revolts encountered in previous attempts at land tax reform, while improving tax effort in line with other advanced OECD countries. This book provides an essential resource for all property professionals working in development, valuation, law, investment, as well as accountants, tax economists and government administrators. It is highly recommended for students on property, taxation, legal and social science courses.

This book provides an easy-to-follow introduction to the principal methods of property valuation in Australia within the context of International Valuation Standards, so bridging the gap between traditional property valuation methods and the modern era of global valuation governance. Providing a framework for valuation practice, the book outlines the property asset class, the role of valuation, concepts of value and valuation standards before focusing on the instructing, undertaking and reporting aspects of the valuation process. The market approach to valuation is addressed through the comparative method of valuation with the income approach addressed through the capitalisation of income, discounted cash flow and profits methods of valuation and the cost approach addressed through the replacement cost, reproduction cost and residual or hypothetical development methods of valuation. As an introductory textbook on property valuation methods, this book is a companion to Australia’s leading advanced valuation textbook, Principles and Practice of Property Valuation in Australia edited by the same author and also published by Routledge, which is a more advanced text considering key principles underlying property valuation and current techniques and issues in the practice of property valuation for major sectors of the Australian property market. The most up-to-date valuation text book for the Australian market, this book will appeal to both valuation practitioners and undergraduate/postgraduate students as well as to accountants, auditors, lawyers, lenders and all professionals dealing with property valuation issues.

This new edition follows the same format as the previous, focusing on the determinations of rents upon reviews or renewals of leases of commercial and retail properties. It provides a detailed analysis of this narrow but complex area, in which the provisions of rent review clauses vary greatly from lease to lease, and even in the same properties. It refers to the relevant valuation and legal principles, with extensive reference to case law, including the facts of each case, lease provisions, counsel's argument, and relevant excerpts from the judgments, bringing it up to date to the end of December 2013. The book explains the history, purpose and operation of rent review clauses; the basis of assessment, including the interpretation of clauses, and definition of terms commonly encountered; the controversial question of lease incentives or inducements; the principles of assessment applied; determinations under retail shop leases; the distinction between "speaking" and "non-speaking" valuations; the functions of the valuer in the process, including the difference between a valuer and an arbitrator; the independence of a valuer; whether determinations are final and binding on the parties.