Vacant Land Advice - API Guidelines on Residential Property - The QBE Australian Housing Market - Real Estate Report Writing Assignment Help

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Assignment Task

Valuation of vacant land Advice on your inspection and report.

Here are some of the important points to consider for your assignment:

When ordering the certificate of title/title search ensure you use the relevant lot number and plan number eg SP###### as shown on RP Data.  Use the link in learn to order the title.  
You must inspect all the sales in the RP Data sales sheet I've given you.  Inspect and compare all of these sales to your subject property.  Do not use additional sales.  These are all you can use and you have to use all of them and comment on all of them in your report.
Your valuation report is to be in accordance with the API guidelines on vacant residential property.  You’ll find 2 documents in your assignment material in learning: “suggested format for valuation report for vacant land” and “ANZVPS14.3 reports, content, and compilation.”  I've also provided 3 examples of previous assignments as a reference.  Do not copy them.
Read all of the documents I've provided in the assignment 1 section of learning.  You'll also see there's a reading on easements in the readings section of lecture 4.
For your market commentary and to inform yourself on the market you must read property reports from respected sources.  These include Herron Todd White, Landmark White, Jones Lang LaSalle, Knight Frank, Saville's the Reserve Bank and any of the major banks, The QBE Australian Housing Market Outlook and BIS Oxford if you can access it.  You should also look at other sources as well.  You must comment on the national property market, the state property market, the local (Gold Coast) property market and in particular the vacant land market on the Gold Coast.  I've attached links to some of them to learn.
Look up your site on the Council of the City of Gold Coast website using PD Online and apply the constraint layers in the mapping section.  This will inform you of the zone and other planning restrictions and attributes.
Note that the lot number and the street number are not the same.  Where you can’t find the street number, use the lot number.  I found all sales when I drove around the location although some require a bit of extra work to find them.  You might want to use Nearmap to locate them before you go out in the field and print out a map with the sales identified.  Make sure you inspect the right sales and take photos of them to include in your report in the sales comparison section. 
To access RP Data and Nearmap, please contact the FSD faculty librarian in the library.  You'll need to fill out a form and sign it and hand it back.  
You can do this assignment in pairs or by yourself.
Be sure to also include a section at the end to reflect on your experience of doing this assignment and your field notes.

 

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