How important is site value?

Discussion in 'Property Market Economics' started by Jimmeh, 9th Jan, 2017.

Join Australia's most dynamic and respected property investment community
Tags:
  1. Jimmeh

    Jimmeh Active Member

    Joined:
    7th Dec, 2016
    Posts:
    25
    Location:
    Brisbane
    Do you consider the land value/capital improved value or any other acronym councils can think of when doing your DD on a property? How important is it apart from rate and land tax calculations?

    Bonus question, where do you find the capital improved value in Victoria? Pricefinder doesn't seem to list it.
     
    Jimmeh, 9th Jan, 2017
    #1
  2. Marg4000

    Marg4000 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    6,407
    Location:
    Qld
    In Brisbane it is "unimproved" value based on some hypothetical figure, difficult to relate to prices when no vacant land for sale in the suburb.
    Hard to see how it could be if any use, except possibly for land tax issues.
    Marg
     
    Marg4000, 9th Jan, 2017
    #2
  3. Weaver

    Weaver Well-Known Member

    Joined:
    15th Aug, 2016
    Posts:
    69
    Location:
    Ballarat
    try the council for a rates notice....not sure how much help they'll be if you're not the ratepayer - but they do have the info!

    sorry not trying to be a smart alec, but you might be able to get info if you walk into an office and ask, if you've got a specific site in mind.
     
    Weaver, 9th Jan, 2017
    #3
Join Washington Brown's Tax Agent Referral Program