All Topics / Help Needed! / A help for a new valuation student

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  • Profile photo of koeiyankoeiyan
    Member
    @koeiyan
    Join Date: 2011
    Post Count: 7

    Dear all,

    questions needs helps:

    1)What is the meant by : existing use rights, prohibited use, Highest and best use ,alternate uses.
    2)what impact will a heritage listing have on the value of a property
    3) the role of The land and Environment Count

    thank you.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    1 a) xtg use rights – the current use is inconsistent with the zoning however the premises can be used for the purpose until it ceases to be used for the same purpose; b) prohibited use – you cannot use the property for the proposed usage eg a scrapyard in a residential zoning; c) habu – using a site for its most intensive use under the current zoning eg erecting duplexes on a unit site may not be the habu but still permissible.
    2) Heritage listing – prevent/restricts development on a site but may add value to a site for preserving a streetscape.
    3)L&EC – administers the EPAA (planning laws) – makes determinations where objections are made to council conditions/does not determine.

    Profile photo of koeiyankoeiyan
    Member
    @koeiyan
    Join Date: 2011
    Post Count: 7

     Thank you Scott No Mates !!! Much Appreaciate your effort.

    Would you recommend some reading materials to me?  Hoping for your guideline!

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    i'd probably recommend texts from this author: Peter Butt

    Esp: Land Law & Torrens System

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