❓ Question regarding the calculation of relocation payments and property valuations following the closure of Wittenoom due to asbestos contamination. The answer details the formula used and explains why individual valuations weren't undertaken.
AnsweredQoN 3488Legislative Council
QuestionView source ↗
I refer to the closure of the town of Wittenoom, and I ask -
(1) What formula was used to calculate the relocation payments made to former landowners in this area?
(2) What was the average property valuation in each of the following years, -
(a) 2008;
(b) 2009; and
(c) 2010?
(1) What formula was used to calculate the relocation payments made to former landowners in this area?
(2) What was the average property valuation in each of the following years, -
(a) 2008;
(b) 2009; and
(c) 2010?
AnswerView source ↗
Answered
5 April 2011
Responded by
Parliamentary Secretary representing the Minister for Regional Development
Response time
42 days
(1) The relocation payments were determined using the principles of Part 10 of the
Land Administration Act 1997
which allow for a solatium payment of 10% (of the original offer of $250,000). A further payment of 10% for removal expenses was added to the offer. This was offered so landowners were not financially disadvantaged by agreeing to the State's offer.
(2) Individual inspection and valuations were not undertaken due to the Government's public health warnings. In this light only a median value of $250,000 per residence and $20,000 per vacant block was advised by the Valuer General. Owners of multiple houses were offered $20,000 for each subsequent house (not primary residence). The opinion disregards the effects of contamination (the reasons for the town's closure) and lack of services as a result of closure.
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Land Administration Act 1997
which allow for a solatium payment of 10% (of the original offer of $250,000). A further payment of 10% for removal expenses was added to the offer. This was offered so landowners were not financially disadvantaged by agreeing to the State's offer.
(2) Individual inspection and valuations were not undertaken due to the Government's public health warnings. In this light only a median value of $250,000 per residence and $20,000 per vacant block was advised by the Valuer General. Owners of multiple houses were offered $20,000 for each subsequent house (not primary residence). The opinion disregards the effects of contamination (the reasons for the town's closure) and lack of services as a result of closure.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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