❓ Mr. Snook questions the Minister for Housing and Works about aligning Valuer General assessments with real market values due to perceived unfairness. The Minister defends the valuation methods and low objection rates, requesting a more specific question.
AnsweredQoN 1417Legislative Assembly
QuestionView source ↗
With respect to the State Budget 2006-2007, Land Information, page 642, Outcomes, Services and Performance Information, Desired Outcomes, can the Minister outline how she intends to bring the Valuer General’s assessments more in line with real market values in view of the general perception of unfairness in regard to recent property valuations?
AnswerView source ↗
Answered
20 September 2006
Responded by
Minister for Housing and Works
Response time
28 days
Valuers use the comparison of transactions occurring in the market place to the property to be valued as the primary valuation method. This is further supported by a number of technical approaches and a wealth of experience and local knowledge. Western Australia has a lower objection rate to valuations than any other State and is one of the few jurisdictions with a regulation system that meets international standards. If the Member can be more specific in framing his question, I will respond in more detail.
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