4:00 Forum: Unimproved Capital Valuation Seminar (Z190509)
The Unimproved Capital Value (UCV) is the amount land alone is expected to sell for without any improvements. The UCV is determined by reviewing the property market, recording and analysing sales in the relevant local area to determine how much the land alone would be worth. The UCV considers similar sales in the market, trends, supply and demand and the land's current use and zoning.
The role of the Valuer General's office is to administer and provide fair and transparent land values and to offer specialist valuation and property advice to the government.
Richard Langshaw, the Valuer-General for the Northern Territory will present the Unimproved Capital Valuation process and outcomes with presentations from key valuers involved in the valuation of the following regions:
- Litchfield Council presented by Emma Jackson - Certified Practising Valuer AAPI - Valuations NT
- Pastoral presented by Frank Peacocke - Certified Practising Valuer AAPI - Herron Todd White
Each valuer will provide a 30-minute presentation of the process and outcomes for each region together with a general market update on each region. There will also be an opportunity for the audience to interact with the valuation panel via a Q&A session at the end of the presentations.
This is a great opportunity for members and non-members to learn more about the process and outcomes of the UCV process within the Northern Territory. Networking opportunity with light refreshments will commence on completion of the presentations and Q&A.
Richard Langshaw, Valuer-General Northern Territory
Emma Jackson, Certified Practising Valuer AAPI - Valuations NT
Frank Peacocke, Certified Practising Valuer AAPI - Herron Todd White
Valuer-General Northern Territory
Certified Practising Valuer AAPI - Valuations NT
Emma Jackson is the Director of Valuations NT and has been completing valuations in the NT, based in Darwin, since February 2005. During this time she has worked across the residential, rural residential and commercial/industrial sectors as well as being engaged to undertake specialized valuations predominantly within the government sector.
Key responsibilities over her valuation career have included the management of the 2010 Katherine and the 2011 Darwin & Palmerston Unimproved Capital Value Revaluation programs; the 2011 renewal of the 40 year Rio Tinto mining lease at Nhulunbuy and undertaking numerous valuations of Crown land for sale, rental and acquisition purposes.
Most recently, she has completed the Katherine Unimproved Capital Value Revaluation program for the 2016-2018 cycle; the Litchfield Unimproved Capital Value Revaluation program for both the 2015 and 2018 cycles; and was part of a team that completed the 2014 Unimproved Capital Value assessments for the Darwin & Palmerston municipalities.
Certified Practising Valuer AAPI - Herron Todd White
Frank became a Director of Herron Todd White Darwin in 2005 and has worked in the private valuation sector since 1999 with 16 of those years located in the Northern Territory.
Frank has undertaken valuations on a wide range of commercial, industrial, residential, horticulture, aquaculture and large pastoral properties throughout the NT and the Kimberley region of Western Australia. Frank has carried out valuations on approximately 140 cattle stations throughout the NT and approximately 28 in the Kimberley (many of them two or three times). Valuations have been carried out for a wide range of purposes including pre-purchase, mortgage security, litigation, feasibility assessment, insurance, financial reporting purposes and unimproved capital value objections. Frank also headed up the successful 2015 and 2018 Unimproved Capital Valuations of the NT pastoral estate for the NT Government.
|4:00pm to 5:30 pm||Presentations and Q&A|
|Light refreshments are included.|
Attendance at this event will attract 1.5 CPD Points.
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