School Of Business

Statutory ValuationWestern Sydney University Unit Code: 200711.2

Discipline: VALUATION

Student Contribution Band: 4

Level: 3

Credit Points: 10

Assumed Knowledge
An understanding of the basic principles of land administration, in particular, the various interests to be held in land and forms of tenure; An understanding of the NSW planning system, the development approval process and administrative controls over decision making; An understanding of various valuation principles and methodologies and valuation of various types of property and interest in land

Equivalent Units
200606 - Compulsory Acquisition and Litigation

Unit Enrolment Restrictions
External offerings for this unit are only available to students who are enrolled in a Property course or specialisation.

About this Unit
This unit covers the area of statutory valuation. It is the prescribed unit for registration as a valuer with the NSW Fair Trading. It is also the prescribed unit for Certified Practicing Valuer (CPV) membership of the Australian Property Institute. Upon completion of this unit, students will demonstrate a comprehensive understanding of the relevant property and related laws, necessary valuation methods and principles required for statutory valuations.

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