AE Consulting Pty Ltd v Online Valuations Pty Ltd [2012] NSWSC 1300

Supreme Court New South Wales

Medium Neutral Citation: AE Consulting Pty Ltd v Online Valuations Pty Ltd [2012] NSWSC 1300 Hearing dates: 24 October 2012 Decision date: 24 October 2012 Jurisdiction: Common Law Before: Davies J Decision: 1. Upon the filing of appropriate affidavits on behalf of the Plaintiffs judgment should be entered for $876,198.72 together with the interest. 2. The Defendants are to pay the Plaintiffs' costs of the proceedings. Catchwords: PROCEDURE - claim against valuers for negligent valuation - loan made in reliance on valuation - default - resale - sale price less than valuation - whether claim is liquidated claim - what constitutes a liquidated claim DAMAGES - heads of damage - whether contractual interest is recoverable - whether amounts referable to default of borrower recoverable Legislation Cited: Australian Consumer Law Uniform Civil Procedure Rules Cases Cited: Alexander v Ajax Insurance Co Ltd [1956] VLR 436 Hay Property Consultants Pty Ltd v Victorian Securities Corporation Ltd (2010) 29 VR 503 Kenny Pty Limited and Good v MGICA (1992) Ltd (1999) 199 CLR 413 State Bank of NSW Ltd v Yee (1994) 33 NSWLR 618 Swingcastle Limited v Alistair Gibson [1991] 2 AC 223 Trade Credits Limited v Baillieu Knight Frank (1985) 12 NSWLR 670 Wardley Australia Limited v The State of Western Australia (1992) 175 CLR 514 Category: Principal judgment Parties: AE Consulting Pty Ltd (First Plaintiff) Liondon Pty Ltd (Second Plaintiff) Moshe Ambarchi (Third Plaintiff) Madine Ambarchi (Fourth Plaintiff) Online Valuations Pty Ltd (First Defendant) Joseph Nicholas Barter (Second Defendant) Representation: Counsel: A Segal (Plaintiffs) No Appearance (Defendants) Solicitors: Segal & Associates (Plaintiffs) No appearance (Defendants) File Number(s): 2012/40108