Property Compensation Valuations for Compulsory Acquisitions by Government – Manning Road Como
Wednesday, September 13th, 2017Main Roads Kwinana Freeway Southbound On-ramp from Manning Road requires additional land for road widening. The Main Roads of Western Australia has announced the long awaited Manning Road Kwinana Freeway On-ramp will be constructed after $35 million of State and Federal Government funding was announced earlier this year. Although the project will improve traffic congestion on Manning Road and the Canning Bridge/Kwinana Freeway interchanges, additional land from private properties will be required for the project. We understand Main Roads has already contacted some of the land owners to negotiate the purchase of the whole or part of those properties that are ...
Read moreWhat is involved in the Property Valuation Process?
Monday, September 4th, 2017The valuation process is a detailed systematic procedure a licensed valuer follows to determine the market value or market rental value of a property. Steps involved in valuation process are as follows: Written Instructions are required from client to comply with the Department of Mines, Industry Regulation & Safety (Formally the Department of Commerce) requirements which need to include the name of the instructing party, the property address, the purpose the valuation is required and date of valuation. The Pre-inspection process involves researching relevant property information including zoning and services information and title information. Comparable sales and or rental evidence is also compiled. Our ...
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