Resumed property

Hi All,

I was wondering if anyone has had any experience with their property being resumed by the government? If so, do you know how the government valued the property to arrive at a compensation figure?

I am looking at a property which will be resumed by the govt which is under market value, but whether it is a good short term buy will depend on the govt valuation.

Any comments, suggestions, experiences would be appreciated.

Cheers,

Nathan.