Page 3372 - Week 11 - Thursday, 22 September 1994
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MINISTER FOR HOUSING AND COMMUNITY SERVICES
LEGISLATIVE ASSEMBLY QUESTION
QUESTION NO 1357
Housing Trust - Sales t-o Tenants
MR CORNWELL: To ask the Minister for Housing and Community Services In relation to the Sales to Tenants Program run by the ACT Housing Trust
(1) How is each particular house valued; does landscaping and an established garden area add considerably to the value of a property.
(2) Who performs the valuation.
(3) Are items such as contributions made by the tenant, eg carpet, heater, established gardens, taken into account in setting the value.
(4) Is there an amount of "credit' for such items which is deducted from the valuation price to ascertain the cost of the house to the tenant.
(5) If so, is there a limit to the amount which can be so "credited" to the tenant or is the tenant "credited" for all improvements he/she has made.
(6) If a house was new and unlandscaped when the tenant moved in, is that tenant given greater "credit' for the condition of the garden and yard areas of the property compared with a tenant who moved into an established property; if not, why not.
MR LAMONT: The answer to the Member's question is as follows
(1) A pre-valuation inspection is undertaken by the Trust to identify "allowable tenant improvements" and a valuer is briefed accordingly. Landscaping is not an "allowable tenant improvement".
(2) A licensed valuer.
(3) Yes. All "allowable tenant improvements", other than landscaping, are valued and deducted from the total value of the property.
(4) Yes, but note this does not include landscaping.
(5) There is no limit. All "allowable tenant improvements" are taken into account.
(6) The valuers are advised that gardens and landscaping are not to be taken into account when determining valuations. The guidelines for the program clearly state that no allowance will be given for landscaping.
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