Need for performing the property valuation process is realized among peoples when they went to the real estate market for selling their houses and didn’t have the right prices for their property Econtech, the respected independent economic forecaster, today released the State-by-State, GST adjusted, CPI figures for the September 2000 quarter. The Business Coalition for Tax Reform commissioned the figures at the request of both the Property Council and the Australian Retailers Association.
Then they think that it will be better to get conduct the process of property valuations melbourne before we go to sell the property and let know the approximate price of our house in the real estate field. We cannot advise whether the figures are appropriate for property owners to use or we’ll be prosecuted for breaching price fixing laws. However, we can say the figures are a response to the major problems property owners currently face in calculating CPI linked rents. The Australian Competition and Consumer Commission (ACCC) says property owners must not include the GST induced inflation spike in future rents if it increases your net dollar margin.
The Property Council remains locked in negotiations with the ACCC over whether tenants and landlords need to jointly agree to the use of a specific figure or methodology.The process will be much helpful because it will give you the approximate value of your house and then you can improve your house if you want more prices on your house.
We personally briefed ACCC supremo Allan Fels on the issue on Tuesday night. The Property Council’s position is that landlords should not be forced to gain a tenant’s permission to use independently produced CPI figures when there is no credible alternative available. The property industry has made a big start to 2001.
The ACCC has agreed to our proposal to allow property owners to use independently published, GST adjusted, inflation figures to calculate CPI linked rents. The good news is that you won’t be forced to gain a tenant’s permission to use the CPI figures, as originally proposed. This was the major talking point during the Fels briefing.
We have technical experts providing input to that and will then you know obviously have to bring that through into the economic analysis okay just curious to know what was the highest valuation that your company did in terms of value and maybe you could tell us a bit about you know why you came out to that value-how.
that you got a league table of highest but the some of the biggest ones will have been Brian valuation supporting really big corporate transactions so you know where companies buy another business they have separately value the identifiable intangible assets to report them there on the balance sheet they can just put everything in all the intangibles inland under goodwill so for instance when SABMiller brought theMeruin company that was several billion dollars worth of brand value I’ve done a.
Lot of valuation work for shell so this is in full financial reporting anything it was for internal management purposes and that was looking at you know significant aspects for instance the brand in the chemical business the rand and the retail fuel business and other areas so some obviously some some massive valuations on that front but those one all Confidential’s I can’t it.
The actual dollar and I ‘ve done valuation work for www.valuationsnsw.com.auPetrova actually in the retail business within Malaysia so that was primarily focused in on brand and as you’d imagine and the Petronas brand worth a great deal okay more specifically looking to.
My earlier question something that has not been commercialised yeah you know technology or that that you know it is based on the income yeah income-based method that youyou okay the one hour I’ll use it as an example it’s it’s not specific to the bigness of it but it’s so it’s a massive big mining company one of the biggest mining companies globally they’d had a big R&D project looking at.
A particular area of technology that spent more than million u.s. dollars on developing this technology they then sold all four particular subsidiaries and they didn’t really need that anymore so they’d kind of moth all the whole R&D team a lot of the team had been involved in that’d let the company but they were still left with an international several pattern families international filing.