Melbourne GPO decision: valuation of heritage registered land
On 18 December 2018, the Victorian Civil and Administrative Tribunal (Tribunal) issued an important decision regarding the assessment of the site value of a heritage registered property (ISPT Pty Ltd -v- Melbourne City Council and Valuer General Victoria [2018] VCAT 1647). The Tribunal determined that the site value of the subject property as at 1 January … Continued