Relief for owners of heritage properties 99 rating

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relief for owners of heritage properties, 99 rating and taxing, 415–28 differential rating, 426–7 local government revenue, 427 property base, 416–8 rating and taxing valuation bases, 421–2 valuation cycle for rateable property, 423 valuation process for rateable property, 423–6 value terminology and definitions, 418–21 real estate as an investment see investment property US term, 27 real estate agents, 35 real property and land use see land use reasonable rent, definition, 344 regional centres, 208–9, 217 definition and features, 205 regional cities, 91 Regional Environmental Plans, 212 regional shopping centres, 215–6, 224 regression techniques, 23–4 regulations see government controls regulatory pricing asset valuation for regulatory pricing purposes, 406 reinstatement value see insurance remainders, 77 remediation of contaminated land, 239–40 rent commercial office property calculation method, 132 lease incentives, 132–4 industrial property, 240–1 market rental value, definition , 344 reasonable rent, definition , 344 service stations calculation methods, 379 shopping centre tenants, 220–2 market rents of retail shops, 228 rent reviews commercial office property, 131–4 industrial property, 241 and rental valuation, 341–3 shopping centres, 220–2 rental determination, 349–54 rental disputes see rental determination rental terminology, 344 rental valuation, 337–48 replacement cost, 4, 20–1 see also Cost Approach to valuation replacement value, 1 see also insurance reports as source of information on valuation approaches, 41–2 valuer’s reports see valuation reports residential land use, 94 residential owner-occupiers, 31 residential property apartment development, 169–70 desktop assessments of value, 173 factors influencing value, 166–9 GST provisions, 170 inspections of, 167–9, 172–3 types of, 150–1 valuation example, 159–61 valuation methods, 151–65, 174 valuation of dwellings yet to be erected, 173 valuation reports, 171–3 residential property investors, 31–2 Residual Cash Flow/Hypothetical Development method of valuation, 251 residual values, of assets, 402 restrictive covenants, 82–5, 106 and rental valuation, 345 retail, definition , 203 retail industry changing nature of, 115, 210–2, 370–1 evolution of shopping centres, 207–9 ³´´
VALUATION PRINCIPLES AND PRACTICE see also shopping centres retail land use, 94, 115 planning considerations, 212 see also shopping centres retail leases, 220–2, 348 see also rental determination; rental valuation retail property investment, 209–10, 222–7 financial strategy, 225–6 taxation issues, 226–7 see also shopping centres retail property trusts, 209–10 retail tenancies, 130 reversionary yield, definition , 126 reversions, 78 right to enter another’s land to take soil or natural produce see profits à prendre rights of access to adjoining highway, 87 rights of way, rights to light and air, rights to discharge water, etc see easements rivers and streams, as boundaries, 56 road closures, 194 roads as boundaries, 56 and industrial property, 235, 238 rights of access to, 87 see also services rural areas land use, 89 hobby farms and rural retreats, 283–5 regional cities, 91 rural property factors affecting production, 252–6 improvements, 258–61, 268, 271–3 location criteria, 252

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