Partial acquisition of property There are times when an acquisition will only involve part of a property, and if this is the case, you will be given a plan outlining the partial acquisition from the acquiring agency. This plan will include details such as an outline of the area/dimensions of the part that is being…
Under the act, your property may be acquired by law if an agreement on the amount of compensation cannot be reached by either party. This type of acquisition will also involve working alongside the Valuer General, an officer appointed by the NSW Governor. They are independent of local/state governments and are in charge of the…
As part of the process for acquiring your property, the organisation in charge of the process will utilise the services of an independent valuer in order to inspect and value your property. How your property is valued Your property will be inspected by an independent valuer, in order to determine the amount of compensation…
With various diverse communities and regions, there’s no shortage of flourishing towns in NSW. It is also notable that NSW has Australia’s fastest-growing population, whereby in 2036 it may surpass nine million people. As demands for services and facilities grow, more residents face the possibility of losing their properties through compulsory acquisition. Putting Money…