NSW Caselaw
Land and Environment Court New South Wales
Medium Neutral Citation: Pyntoe Pty Ltd & Anor v Valuer General of NSW [2012] NSWLEC 1201 Hearing dates: 15 and 16 May 2012 Decision date: 27 July 2012 Jurisdiction: Class 3 Before: Cowell AC Decision: (1)The appeal is upheld. (2) The land value for the property at 506 Bunnerong Road, Matraville, NSW, as at the Base Date of 1 July 2010 is $748,250. (3)The exhibits to be returned except exhibits A, B and 1. Catchwords: STATUTORY VALUATION - land value at base date - development potential Legislation Cited: Valuation of Land Act 1916 Randwick City Council Development Control Plan for Matraville Town Centre April 2006 Randwick City Council Development Control Plan Parking 1998 State Environmental Planning policy No 65 - Design Quality of Residential Flat Development Cases Cited: Gilles v Valuer General [2008] NSWLEC 1508 Pyntoe Pty Ltd & Gilles v Valuer-General of NSW [2011] NSWLEC 1207 Segal and Another v Waverley Council [2005] NSWCA 310 Category: Principal judgment Parties: Pyntoe Pty Ltd & J. J. Gilles (Applicants) Valuer General of NSW (Respondent) Representation: Ms P Becker (Applicants) Ms M Carpenter (Respondent) Solicitors Giles Payne & Co (Applicant) Crown Solicitors Office (Respondent) File Number(s): 30767 of 2011
Judgment 1This appeal is a statutory valuation appeal relating to property 506 Bunnerong Road, Matraville, over the Valuer General's valuation of the land as at the Base Date of 1 July 2010.
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