Since the publication of the fifth edition the legal and valuation principles of the valuation of land in Australia have been expanded, amplified and explained in many decisions and amendments which have been included in the sixth edition. The sixth edition includes summaries and extracts from cases and statutes current to 30 June 2019. Many topics have been expanded whilst new topics have been added.
Due to limitations on the size of the book it has been necessary to exclude some of the older cases and materials and to reduce several extracts from cases. Therefore, the fifth and earlier editions should be retained for reference to excluded material.
The new edition provides an understanding of the subject to lawyers who practice in this area of the law, and valuers and other professionals who are engaged in the property industry. It is of particular relevance to valuers and other professionals who give valuation evidence before the courts and tribunals.
The sixth edition contains up to date (30 June 2019) valuation law and principles applied by the courts and tribunals throughout Australia. Care must be exercised in relying upon law and principles extracted from the courts and tribunals in other States and Territories as slight difference in the wording of statutes and regulations can cause different interpretations of the relevant sections and clauses.