Consultant Report - IPART

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adjoining land value psm and market rentals of the wetland use. If adopted, a discount factor specific to wetland would most accurately be applied where taking account of; a) Quality of wetland (neither the current precincts nor postcode methodology address this) b) Area of occupancies against use of occupancy (neither the current precincts nor postcode methodology address this) However, this would need to be considered in light of the cost of implementation which may not satisfy the goal of operational efficiency. The alternative is consideration of the potential linking of wetland area rentals with the rate for public moorings as the matters considered in both have some comparability and implementation costs are likely not to be excessive. 5. A program should be considered for conduct between LPI, Maritime and Crown Lands to correctly identify the total area, and specific area, of wetland as opposed to reclaimed land to allow more accurate assessment of occupancy rentals. LPI, Maritime and Crown Lands should investigate implementation of structured arrangements for use of the Register of Land Values in setting of rentals for occupancies. It is suggested the arrangement be similar to those in effect between LPI and Councils, to provide for consistent access, delivery, use and maintenance of relevant land value records by Maritime and Crown Lands. Investigation of Discount Factor used for determining rentals for Domestic Waterfront Occupancies Page 28 of 72
<strong>Report</strong> Prepared By Mark Grezar District Valuer Kieran Newton Senior Valuer Kerry Waterhouse Senior Valuer Garry Brindley District Valuer Michael Davidson Valuation Manager Metro Disclaimer The valuers involved in the preparation of this report do not have pecuniary interests in the subject of analysis that would conflict with the valuation of the property. Investigation of Discount Factor used for determining rentals for Domestic Waterfront Occupancies Page 29 of 72
Page 1 and 2: Valuation Services Client: Independ
Page 3 and 4: Methodology for Valuing Reclaimed L
Page 5 and 6: SECTION ONE Executive Summary 1. In
Page 7 and 8: . 3. LPI Findings 1. The current fo
Page 9 and 10: a) Quality of wetland (neither the
Page 11 and 12: Overview of IPART Formula In 2004,
Page 13 and 14: Reclaimed land was valued by refere
Page 15 and 16: LPI Analysis and Recommendations Th
Page 17 and 18: It is noted that the provision of s
Page 19 and 20: SECTION FOUR Review of the WAG Subm
Page 21 and 22: SECTION FIVE Analysis of Discount F
Page 23 and 24: etween them. These judgements were
Page 25 and 26: Methodology Used in Calculating Wei
Page 27: 12. LPI analysis identifies that a
Page 31 and 32: Annexure 1 TABLES OF RECOMMENDED DI
Page 33 and 34: TABLE 4: - SINGLE DISCOUNT FACTOR B
Page 35 and 36: SUMMARY OF DISCOUNT FACTORS SHOWN B
Page 37 and 38: PID Occ Post code Address Precinct
Page 39 and 40: PID Occ Post code Address Precinct
Page 41 and 42: PITTWATER MARKET EVIDENCE 2011 Enti
Page 43 and 44: NELSON BAY MARKET EVIDENCE 2011 Ent
Page 45 and 46: BRISBANE WATER MARKET EVIDENCE 2011
Page 47 and 48: GEORGES RIVER MARKET EVIDENCE 2011
Page 49 and 50: SOUTH COATS MARKET EVIDENCE 2011 En
Page 51 and 52: SYDNEY HARBOUR MARKET EVIDENCE 2011
Page 53 and 54: Annexure 5 MOORING FEES NSW MARITIM
Page 55 and 56: Annexure 6 SMALL PARCEL SALES TO AD
Page 57 and 58: Annexure 7 VARIATION IN LAND VALUES
Page 59 and 60: Annexure 8 WAG OCCUPANCIES EXCLUDED
Page 61 and 62: Annexure 9 CROWN LAND PSLVs CALCULA
Page 63 and 64: Annexure 10 MARITIME PRECINCT PSLVs
Page 65 and 66: Annexure 11 BENCHMARK LOCATION MAPS
Page 67 and 68: BECNHMAK PROPERTY LOCATIONS SYDNEY
Page 69 and 70: BECNHMAK PROPERTY LOCATIONS NORTH C
Page 71 and 72: Annexure 12 WAG ANALYSIS OCCUPANCIE

Consultant Report - IPART

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