The Law Affecting Valuation of Land in Australia
By: Alan Aizley Hyam
The Law Affecting Valuation of Land in Australia provides a complete resource for practitioners by containing not only statements of principle, but also extensive references to case law, including the facts of each case, counsels' arguments and relevant excerpts from the judgments.A number of important cases in the field have been decided in the 5 years since the 4th edition, many of which are cited in this new edition (current to the end of 2013), further explaining and expanding the law of valuation. The 5th edition also features additional headings and sub-headings, making it easier for the reader to identify required subject matter.A standard reference for lawyers involved in valuation cases, The Law Affecting Valuation of Land in Australia is widely cited by Courts and Tribunals throughout Australia, particularly the High Court, the New South Wales Court of Appeal, the Land and Environment Court of New South Wales, and the Land Court and Land Appeal Court of Queensland.The book provides the reader with references to case and statute law in the various sub-topics and explores how they have developed. As well as covering legal principles it also contains many valuation principles that have been espoused and explained by the Courts and Tribunals. As such, it could be described as a valuation text as well as a legal text.Valuers, property professionals and students of valuation and land economy courses will welcome another of Alan Hyam's excellent works.
AI Overview
"The Law Affecting Valuation of Land in Australia" by Alan Aizley Hyam is a comprehensive legal text that focuses on the principles and practices governing the valuation of land in Australia. Here is a detailed overview of the book:
Key Themes
- Legal and Valuation Principles: The book extensively covers the legal and valuation principles applied in the valuation of land in Australia. It includes summaries and extracts from current cases and statutes up to 30 June 2019.
- Court and Tribunal Decisions: The text provides an understanding of how these principles are applied by courts and tribunals throughout Australia. It emphasizes the importance of considering the slight differences in statutory wording and regulations across various states and territories.
- Property Industry Professionals: The book is particularly relevant to valuers, lawyers, and other professionals engaged in the property industry. It serves as a valuable resource for those who need to provide valuation evidence in legal proceedings.
Plot Summary
The book does not have a narrative plot but rather a structured approach to explaining the legal and valuation principles related to land valuation in Australia. It includes:
- Case Summaries: Extracts from recent and relevant cases that have shaped the legal landscape of land valuation.
- Statutory Analysis: Detailed analysis of the relevant statutes and regulations governing land valuation.
- Valuation Practices: Discussion on the practices and methodologies used in valuing land, including complex and unusual valuations.
Critical Reception
While there is no specific critical reception available in the sources provided, the book's relevance and importance in the field of property law and valuation are evident. Alan Hyam's expertise in property law, particularly in valuation and rent review, adds significant credibility to the text. His experience as a lawyer and arbitrator, as well as his designation as a Certified Practising Valuer, underscores his authority on the subject.
Editions and Updates
The book has been published in multiple editions, with the sixth edition being the most recent. This edition includes updates and expansions on the legal and valuation principles, reflecting changes and developments in the field up to 30 June 2019.
Author's Background
Alan Aizley Hyam was admitted to the NSW Bar in 1973 and retired from practice on 30 June 2018. He specialized in property law, particularly in valuation and rent review matters. Hyam is a Life Fellow of the Australian Property Institute and a Certified Practising Valuer. His contributions to local government and the community, including serving as an Alderman and Mayor, have been recognized with the Medal of the Order of Australia (OAM) in 1993.
In summary, "The Law Affecting Valuation of Land in Australia" by Alan Aizley Hyam is a comprehensive and authoritative text that provides a detailed understanding of the legal and valuation principles governing land valuation in Australia. Its relevance to professionals in the property industry and its inclusion of up-to-date case summaries and statutory analysis make it a valuable resource in the field.