Compulsory Acquisition Compensation - The 4xA's of the Comparable Sales Valuation Method (N171025)
The use of comparable sales as evidence of value is common in many compulsory acquisition compensation asssessments. Decisions of the NSW Land and Environment Court over the last decade have provided valuers with extensive guidance on the comparable sales valuation process. The Court has clearly enunciated its expectations for logic and transparency in the four nominated steps of the process, being accumulation, analysis, adjustment and application.
This Forum will focus on the four steps of the process and explore the role of valuer judgement and experience in the comparable sales valuation process when used for expert witness valuations for Court purposes.
Professor John Sheehan AM, LFAPI will act as moderator for the forum.
Who should attend: Property developers, property financiers, property lawyers, valuers, asset managers, property researchers, development advisors, Local and State Government agencies, property advisors.
Professor David Parker
University of South Australia
Professor Parker joined the School of Commerce as the inaugural Professor of Property in November 2009 from private practice in Sydney. David has academic qualifications in property and is a member of each of the principal professional bodies in property and finance as well as being a registered valuer in several states and a licensed real estate agent.
He is currently an Acting Commissioner of the New South Wales Land and Environment Court, specialising in the resolution of property valuation and compensation matters, as well as being a member of the Consultative Committee to the Australian Accounting Standards Board.
David has held a range of senior management positions with ANZ Funds Management, Suncorp Metway Investment Management and Schroders Property Fund. He has also undertaken consulting roles with Cap Gemini Ernst and Young and AREIT analysis roles with Morningstar. As General Manager of the Australian Valuation Office, David implemented a business transformation programme that was highly commended in the Prime Ministers Awards for Public Sector Management.
David is regularly called upon as an expert witness in property, valuation and funds management matters and consults extensively to both the private and public sectors.
Alan A Hyam OAM, LFAPI
Barrister, Culwulla Chambers
Alan Hyam is a NSW barrister specialising in the areas of property law, rent reviews, environmental and local government law, building law, mining law, land acquisition and compensation matters. He is also a Registered Valuer, a LEADR accredited mediator and an arbitrator in major property disputes, and has been appointed an expert determinator by the NSW Bar Association. Alan was awarded the Medal of the Order of Australia (OAM) in 1993 for services to local government and the community.
Titles by Alan A Hyam OAM:
- The Law Affecting Valuation of Land in Australia
- The Law Affecting Rent Review Determinations
|API Student Members||$84|
|All fees include GST|
Full attendance at this event accrues 2 CPD points.
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