When land is forcibly acquired by authorities for infrastructure projects, landowners are entitled to fair compensation. However, determining the right valuation can be complex. At Fitzroy Legal, our property valuation experts help maximise your compensation entitlements. This guide covers the key aspects of compulsory acquisition valuations.
What Land Can Be Acquired?
In Australia, federal and state governments have powers to compulsorily acquire land for public purposes under land acquisition acts. This includes land needed for:
- Transport infrastructure like roads, railways, airports
- Public utilities such as electricity, gas, water
- Health, education and community facilities
- National parks and environmental areas
Private land can be fully or partially acquired, affecting homeowners, farmers, businesses and investors.
Compensation Rights and Entitlements
When land is forcibly acquired, owners must be paid ‘just terms’ compensation. This aims to put you in the same financial position as if the land wasn’t acquired. Key entitlements include:
- Market value of the land
- Loss due to severance or subdivision
- Solatium for non-financial impacts like relocation
- Professional fees for lawyers and valuers
Maximising compensation requires understanding your full entitlements under valuation acts. An expert valuer can ensure you receive your lawful dues.
The Role of Compulsory Acquisition Valuations
Valuations are crucial for determining adequate compensation. Acquiring authorities will seek to minimise payouts, so independent valuations protect your interests. We provide:
- Reviews of inadequate authority valuations
- Our own expert valuations for negotiations
- Advice on maximising compensation under legislation
- Evidence in court if disputes arise
With a transparent and thorough valuation, we build a strong case for your full entitlement.
Why Engage Compulsory Acquisition Valuation Specialists
Not all valuers have the specialised skills and experience required for this complex field. Our key advantages include:
- Extensive credentials including API certification
- Deep understanding of relevant valuation acts
- Specialist accreditation in disciplines like mining
- Training in providing expert evidence in court
- Decades of real-world acquisition experience
For both authorities and landowners, our objective valuations facilitate fair agreements. Contact us to discuss your upcoming acquisition needs.
