Department of Finance Banking and Property
Department of Finance Banking and Property
FRINGE LAND AND SMALL
RURAL HOLDINGS
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FRINGE LAND
LAND ON THE OUTSKIRTS OF AN URBAN AREA OFTEN EXTENDING BEYOND CITY BOUNDARIES INTO COUNTRY AREAS
Department of Finance Banking and Property
Department of Finance Banking and Property
LOCALITY – PROXIMITY TO AMENITIES AND TRANSPORT
POTENTIAL FOR MORE INTENSIVE RURAL USE FUTURE POTENTIAL FOR URBAN DEVELOPMENT IMMEDIATE POTENTIAL FOR URBAN DEVELOPMENT
Department of Finance Banking and Property
SMALL RURAL HOLDINGS
PROPERTIES OF UP TO 20HA WITH MOST FALLING IN THE 2-10 BRACKET AND USED FOR RESIDENTIAL AND PART TIME FARMING PURPOSES
Department of Finance Banking and Property
SUCCESSION
FARM LAND SMALL HOLDINGS
FOR MORE INTENSIVE RURAL USE OR RURAL / RESIDENTIAL USE
VALUE OF IMPROVEMENTS DECREASES
SUPERCESSION
FARM LAND URBAN DEVELOPMENT IMPROVEMENTS OF VERY LITTLE ADDED VALUE
Department of Finance Banking and Property
Department of Finance Banking and Property
Factors to Examine when Valuing Fringe Lands and Small Rural Holdings
Rural Subdivision Controls Multiple Sections or Titles Building Permits
Landlocked Land House Sites
Statutory Restrictions on Subdivisions and Development
Size of Holding Financing
Availability of Services Limited Access Roads
Department of Finance Banking and Property
Land Adjoining Rivers Fencing
Classes of Land
Production
Noxious Weeds
Department of Finance Banking and Property
SMALL RURAL HOLDINGS (NO POTENTIAL)
FRINGE LANDS (FUTURE POTENTIAL)
SUBDIVISABLE LAND (IMMEDIATE POTENTIAL)
Department of Finance Banking and Property
VALUATION OF SMALL RURAL HOLDINGS
• Block to Block Basis
• HouseSitePlusValuePerHectare • VaryingValuesPerHectare
Department of Finance Banking and Property
VALUATION OF FRINGE LAND
Department of Finance Banking and Property
•Comparable Sales Approach
•Discounting the Value as Ripe for Subdivision
•% for Potential
•Different Values for Front & Back Land
•Hypothetical Subdivision along Road Frontage
•House Site + Value/ha
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