Compensation For Compulsory Acquisition

Compulsory acquisition compensation assessments are a specialised field of valuation that requires a high level of expertise. A property valuer’s assessment can often be the difference between obtaining and missing out on fair compensation. We have successfully represented clients on a variety of projects across Victoria and New South Wales, completing assessments in accordance with relevant legislation including the Land Acquisition (Just Terms Compensation) Act 1991 and the Land Acquisition and Compensation Act 1986 (VIC).

In our experience, the authority’s offer for compensation can be significantly below market levels. Compensation disputes can often lead to intensive conference and court settings, where it is important that you have a valuer engaged who can articulate their position under cross-examination. Within both Victorian and New South Wales the authority is liable to reimburse the owner for reasonable legal and valuation costs incurred as a result of the compulsory acquisition.