Government Valuations
Herron Todd White provides Government Valuations expertise across Australia.
Government Valuations
Herron Todd White provides independent Government Valuations backed by local expertise and national consistency.
Frequently Asked Questions
- How do you value specialised public assets like fire stations or libraries?
Most specialised public assets are valued using depreciated replacement cost (DRC), because they rarely sell on the open market. DRC adds the land value to the current cost of replacing the buildings and improvements, less depreciation for their age and condition. This gives a defensible fair value where no sales evidence exists.
- What does a compulsory acquisition valuation assess?
It assesses the market value of the land acquired, plus any other losses the relevant legislation allows. These can include severance (loss in value of the remaining land), injurious affection (harm caused by the public works), and disturbance costs such as relocation. Each state and the Commonwealth has its own legislation, so the valuation must follow the Act that applies.
- How often do public assets need to be revalued?
Public sector entities must revalue often enough that their reported values don't differ materially from fair value. Many agencies complete a comprehensive revaluation every three to five years, with desktop or index-based updates in between. The exact cycle depends on your state or Commonwealth treasury policy.
- Do you value whole portfolios for government departments?
Yes. We value portfolios of every size, from 10 to 10,000+ properties, for government departments, councils, and agencies. Our national coverage means one firm and one standard across every region your portfolio covers.