Due to the expansion of cities and the upgrading of infrastructure, more compulsory acquisitions have been undertaken for these works. For those who are or will be affected, it is important to know what your rights are when it comes to getting a fair value for your property.
The acquiring authority determines the amount of compensation to people who are having their property dispossessed. Based on the Just Terms Compensation Act, they aim:
- To guarantee compensation that will be no less that the unaffected value;
- To ensure compensation on just terms where land is acquired by an authority and is not available for public sale;
- To require an authority of the State to acquire land designated for a public purpose where hardship is demonstrated; and
- To encourage the acquisition of land by agreement instead of by compulsory process.
Knowing this, although the law governs compulsory acquisitions of land, remember:
- Do not believe government agents who tell you that the value of your property is already predetermined; and
- You are entirely within your rights to insist on an independent valuation.
Vanguard Valuations can take the guesswork out of the compulsory acquisition process, making this a seamless and stress free process for you.
Here at Vanguard Valuations, we take special care to understand your needs and how to achieve them. This includes investigation into a wide range of resources and asking the right questions to ensure we achieve the best results for you.
Due to our extensive knowledge and utilization of premium valuer resources essential to accurate property valuation, our reports are produced efficiently, transparency, and with the utmost level of care.
Vanguard Valuations can provide accurate and reliable valuation reports on all manner of properties including houses, units, commercial and industrial, rural, and development sites. We cover a large length of the east coast, including capitals of Canberra and Sydney, as well as all rural areas, Wollongong, Western Suburbs, Sutherland Shire, North Shore and Northern Beaches, Hawkesbury, and the Central Coast. We also complete property valuations in all Melbourne suburbs and rural areas.
Here at Vanguard Valuations, we pride ourselves on the efficient delivery of our professional property valuation reports. We will ensure our reports are delivered in accordance with your required deadlines and are happy to cater for urgent requests.
We also provide a highly personalized service that has an emphasis on providing clear, accurate, and succinct property advice, no matter the purpose. Our valuers have access to our huge database, as well as all the most sought after valuation tools.
Vanguard Valuations can have a local certified valuer out to inspect your property within a day’s notice, with reports generally taking 4-5 business days to complete.
To enquire about our fees or to seek further information and advice, please call our office today – you can find our details on our contact us page. Otherwise feel free to fill out your details in our enquiry form and we will get back to you as soon as possible.