Statutory Valuations

Course aim

To provide students with the knowledge necessary to undertake valuations of properties in accordance with specific statutory requirements.

Course content

Valuations for rating and taxing purposes including rating and taxing value bases, legal definitions and case law, valuation principles and practice, valuation method and ratio studies; automated valuation models; compulsory acquisition including statutory requirements, compensation principles and practice, reinstatement, value of land taken, special value to owner, severance, injurious affection, disturbance, solatium, easements and goodwill; insurance valuations including basis of settlement, contract options, limit of liability, valuation methods, principles and practice; valuations for financial reporting purposes including accounting standards, fair value, valuation methods, principles and practice and expert witnesses.

Textbook(s)

Nil

Prerequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
COML 2003	Fundamentals of Property Law
ECON 2013	Property Economics
ECON 2007	Empirical Business Analysis

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY WEST
Preparatory	1 x 1 week
Workshop	3 hours x 10 weeks
EXTERNAL, CITY WEST, ONLINE
External	30 hours x N/A

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Case study, Contribution, Examination, Test/Quiz

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 4C)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.