Category Archives: Valuation of Property

How to make the tough steps done in the valuation of property process?

A home equity release mortgage enables you to unlock the value of your greatest asset – your home – to give you either a tax free lump sum or a monthly income guaranteed for life. The TIES Board of Directors held its Annual General Meeting in Washington, DC from May 14 through May 15. This year, for the first time, the Board meeting was open to any TIES member who wished to attend. In addition, on the evening of May 15, the TIES Board of Directors hosted, together with the Costa Rican Mission, a dinner and auction extravaganza at the exquisite headquarters of the Organization of American States.

The silent and live auctions included a score of fabulous vacation trips, as well as other donated items. The evening featured fine food, live music, and great entertainment. See page 10 for more details. At its December 2003 semi-annual meeting, held in Barcelona, Spain, the TIES Board of Directors discussed the organization’s current participation, along with the Rainforest Alliance, United Nations Environment Program, and others, in two major certification projects.   View source : Valuations NSW

Recognizing that certification has its strong detractors as well as supporters, the Board reviewed and discussed the organization’s mission to determine if certification falls within its mandate. The Board concluded that both the organization’s bylaws and mission statement, as well as its past activities, support continued involvement in certification projects.

The Board agreed to issue the following statement endorsing the staff’s decision to undertake certification as one of its program areas. The International Ecotourism Society (TIES) is the oldest and largest ecotourism organization and is the premier resource for ecotourism expertise, news, training, and research. Our mission is to unite conservation, communities, and sustainable travel worldwide in support of both conservation and development objectives by: The TIES’ By-laws state further that the Society’s “aim is to advance knowledge in the field and improve the management of tourism near natural areas.

What important factors are included in process of valuation?

With the right encouragement from government, regional development agencies and local authorities, the internet could enable people on low incomes to barter goods, services or time, cut traffic congestion through ‘virtual commuting’, overcome local digital divides and promote social cohesion, the study claims. But it found that the benefits of the digital economy are spread very unevenly, with a deep north-south divide and local variations. Policies such as clustering make matters worse by starving some areas and over-feeding others, such as Cambridge and the Thames Valley.

London mayor Ken Livingstone’s economic development strategy has come under fire for lacking a long-term vision for the urban renaissance of the whole capital. The Greater London Assembly said this week that the draft strategy, drawn up by the London Development Agency, failed to provide ‘a clear lead for the action of others’ and neglected to set out ‘a strategic framework through which to build consensus and co-ordinated actions’.

The lack of targets or indicators was ‘unacceptable’, and the absence of references to other London strategies, such as spatial development, was ‘surprising’. The assembly called for a clear framework against which the actions of agencies involved in economic development could be tested, rather than a ‘statement of principles’ on sustainable development. Ambitious plans to double the number of prisoners getting jobs after they are released have been published by the government.

The criminal justice system business plan, launched this week, sets a target of getting a million more people actively involved in their communities. The plan also aims to cut by 15% the proportion of prisoners finishing their sentence without basic communication skills. The Prison Service’s new ‘Carat’ service – counselling, assessment, referral, advice and throughcare – will draw up treatment plans to help stop prisoners returning to drug misuse, build self-esteem and bring more order to their lives. Launching the plans, prime minister Tony Blair said the bulk of crime was committed by a hard core of around 100,000 persistent offenders, 60% of whom served sentences of 12 months or less, and 80% of whom were reconvicted within two years. click here for details : Perth Property Valuers

Prepare lawful property appraisal report in Perth

The trust initially purchased a 50% interest in March 2002 from the Uniting Church, who has remained the joint owner until now. Current tenants include Sussan, Transfield, ACI, Delta Electrical, Capral Aluminium and Northline Freight, with a precommitment from the NSW Rural Fire Service. In terms of englobo industrial land, a 27.73 ha industrial development site in Gaven, which is bordered by M1 (Pacific Highway) and the Brisbane to Gold Coast Rail Link, settled this month for $11.2 million. A recent example is the property at 32 – 34 Garden Street, Southport, which houses the well known national tenant, Beaurepairs, which has recently sold for $1.55 million representing a net yield of approximately 5.03%.Furthermore the property has a land area of 1,394m2 which is somewhat larger than most of the surrounding land holdings and this is reflected in the yield.

The sale of a nine storey building located at 64 Ferny Avenue, Surfers Paradise, known as Breakfree House has occurred recently for a reported sum of $7.75 million representing a rate per square metre of $2,672 and a net yield of between 8% and 9%.Breakfree exercised its option to purchase the building in October last year for $5.5 million also relocating to the building and taking naming rights. The building is located in what is considered to be a high profile position with a modern design and tenants including Breakfree, Gold Coast Visitors Bureau, Energy One, Optus, Knight Frank and Radio Metro.

The second stage is to comprise 17 allotments with listed prices ranging from $1.85 million to $2.55 million. The values being achieved here are in line with those in more established prestige waterfront estates like Paradise Waters and Cronin Island. On the back of the record sale of 3551 Main Beach Parade (as reported in Feb/March BenchMark), two Main Beach beachfront units recently sold at record values. Unit 4/3513 Main Beach Parade sold at auction in February 2004 for $2.2 million the Estate valuation The purchaser reportedly bought the property as a long term holding basing the purchase on a land value only. While this has not yet been seen to impact on the value of development sites, further site purchases are becoming more difficult to justify.

AMP Life and Ronnin Property Trust have parted with one of their trophy Brisbane assets with the sale of Waterfront Place last month. The 58,845m2 premium grade building was sold with limited vacancy and an average gross passing rent of $402/m2 (mix of face and effective rents within the building).