{"id":883,"date":"2018-11-15T11:18:00","date_gmt":"2018-11-15T11:18:00","guid":{"rendered":"http:\/\/propertyandlivestock.com.au\/?p=883"},"modified":"2020-05-11T17:09:45","modified_gmt":"2020-05-11T17:09:45","slug":"what-is-fair-market-value-for-rural-land-sales-in-australia","status":"publish","type":"post","link":"https:\/\/propertyandlivestock.com.au\/zh\/what-is-fair-market-value-for-rural-land-sales-in-australia\/","title":{"rendered":"What Is Fair Market Value for Rural Land Sales In Australia?"},"content":{"rendered":"<p>Fair market property value is a rational and unbiased estimate of the potential market price of an rural land asset. The market value of a property is the price that would be negotiated between a willing buyer and willing seller in an arm\u2019s length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without compulsion. The value&nbsp;<em>isn\u2019t<\/em>&nbsp;the current listing price nor the amount of the most recent offer on the property.&nbsp;&nbsp;Experienced investors expect to look at standard investment indicators like the percentage of net return on capital.&nbsp;If a property does not make a profit (and therefore no real return in a year) it does not automatically follow that the asset has a nil value. There are many seasonal and other factors which will apply across the Australian rural landscape that influence the return profile in any one year, however these assets will still retain a relative value in the market place.<\/p>\n\n\n\n<p>The definition arises from the Australian compensation case&nbsp;<strong>Spencer v The Commonwealth of Australia<\/strong>&nbsp;(1907), 5 CLR 418 in which Griffiths CJ stated:<\/p>\n\n\n\n<p>Bearing in mind that fair market value implies the existence of a willing buyer as well as of a willing seller, some modification of the rule must be made in order to make it applicable to the case of a piece of land which has any unique value. It may be that the land is fit for many purposes, and will in all probability be soon required for some of them, but there may be no one actually willing at the moment to buy it at any price. Still it does not follow that the land has no value. In my judgment the test of value of land is to be determined, not by inquiring what price a man desiring to sell could actually have obtained for it on a given day, i.e., whether there was in fact on that day a willing buyer, but by inquiring, \u2018What would a man desiring to buy the land have had to pay for it on that day to a vendor willing to sell it for a fair price but not desirous to sell?\u2019<\/p>\n\n\n\n<p>In order for vendors or property owners who manage livestock production operations, to effectively leverage&nbsp;fair market value in their rural property asset, they must maintain detailed records of stocking rates on a regular basis by livestock class and number in order to demonstrate capability of their asset.<\/p>\n\n\n\n<p>Similarly, vendors or property owners who manage farming enterprises must maintain regular farm crop performance data, seasonal conditions, commodity price fluctuations and location advantages or disadvantages in order to demonstrate capability of their asset.<\/p>","protected":false},"excerpt":{"rendered":"<p>Fair market property value is a rational and unbiased estimate of the potential market price of an rural land asset. The market value of a property is the price that would be negotiated between a willing buyer and willing seller in an arm\u2019s length transaction after proper marketing wherein the parties had each acted knowledgeably,&hellip;<\/p>","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","two_page_speed":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-883","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is Fair Market Value for Rural Land Sales In Australia? - David Carter Property and Livestock<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertyandlivestock.com.au\/zh\/what-is-fair-market-value-for-rural-land-sales-in-australia\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is Fair Market Value for Rural Land Sales In Australia? - David Carter Property and Livestock\" \/>\n<meta property=\"og:description\" content=\"Fair market property value is a rational and unbiased estimate of the potential market price of an rural land asset. The market value of a property is the price that would be negotiated between a willing buyer and willing seller in an arm\u2019s length transaction after proper marketing wherein the parties had each acted knowledgeably,&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertyandlivestock.com.au\/zh\/what-is-fair-market-value-for-rural-land-sales-in-australia\/\" \/>\n<meta property=\"og:site_name\" content=\"David Carter Property and Livestock\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/davidcarterpropertylivestock\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-15T11:18:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-11T17:09:45+00:00\" \/>\n<meta name=\"author\" content=\"David Carter Property and Livestock\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@LivestockDavid\" \/>\n<meta name=\"twitter:site\" content=\"@LivestockDavid\" \/>\n<meta name=\"twitter:label1\" content=\"\u4f5c\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Carter Property and Livestock\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u9884\u8ba1\u9605\u8bfb\u65f6\u95f4\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 \u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/what-is-fair-market-value-for-rural-land-sales-in-australia\/\",\"url\":\"https:\/\/propertyandlivestock.com.au\/en_au\/what-is-fair-market-value-for-rural-land-sales-in-australia\/\",\"name\":\"What Is Fair Market Value for Rural Land Sales In Australia? - David Carter Property and Livestock\",\"isPartOf\":{\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/#website\"},\"datePublished\":\"2018-11-15T11:18:00+00:00\",\"dateModified\":\"2020-05-11T17:09:45+00:00\",\"author\":{\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/#\/schema\/person\/7fb75b1cef8fef8e63ef0c6b8c337e84\"},\"breadcrumb\":{\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/what-is-fair-market-value-for-rural-land-sales-in-australia\/#breadcrumb\"},\"inLanguage\":\"zh-CN\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/propertyandlivestock.com.au\/en_au\/what-is-fair-market-value-for-rural-land-sales-in-australia\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/what-is-fair-market-value-for-rural-land-sales-in-australia\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/propertyandlivestock.com.au\/en_au\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What Is Fair Market Value for Rural Land Sales In Australia?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/#website\",\"url\":\"https:\/\/propertyandlivestock.com.au\/en_au\/\",\"name\":\"David Carter Property and Livestock\",\"description\":\"Settting the right expectations\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/propertyandlivestock.com.au\/en_au\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"zh-CN\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/#\/schema\/person\/7fb75b1cef8fef8e63ef0c6b8c337e84\",\"name\":\"David Carter Property and Livestock\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-CN\",\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d38c6fe4891bbc7f7356efa237a96363?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d38c6fe4891bbc7f7356efa237a96363?s=96&d=mm&r=g\",\"caption\":\"David Carter Property and Livestock\"},\"url\":\"https:\/\/propertyandlivestock.com.au\/zh\/author\/pwsbuilder\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What Is Fair Market Value for Rural Land Sales In Australia? - David Carter Property and Livestock","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/propertyandlivestock.com.au\/zh\/what-is-fair-market-value-for-rural-land-sales-in-australia\/","og_locale":"zh_CN","og_type":"article","og_title":"What Is Fair Market Value for Rural Land Sales In Australia? - David Carter Property and Livestock","og_description":"Fair market property value is a rational and unbiased estimate of the potential market price of an rural land asset. 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On the supply side, the number of listings and properties being offered to the market appears to have eased throughout 2018 to this point, due in part to the extended dry seasonal conditions. As a\u2026","rel":"","context":"\u7c7b\u4f3c\u6587\u7ae0","block_context":{"text":"\u7c7b\u4f3c\u6587\u7ae0","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":892,"url":"https:\/\/propertyandlivestock.com.au\/zh\/fundamentals-underpinning-rural-property-values-in-australia-remain-rock-solid\/","url_meta":{"origin":883,"position":1},"title":"Fundamentals Underpinning Rural Property Values In Australia Remain \u201cRock Solid","author":"David Carter Property and Livestock","date":"28 10 \u6708, 2018","format":false,"excerpt":"DEMAND for quality agricultural land continues to outstrip availability, driving an upwards trend on prices across Australia, according to a recent Rabobank report. The financial institution\u2019s inaugural Australian Land Price Outlook, titled\u00a0No Summit in Sight \u2014 Ag Land Prices to Climb Higher,\u00a0was released at the end of August. The report\u2019s\u2026","rel":"","context":"\u7c7b\u4f3c\u6587\u7ae0","block_context":{"text":"\u7c7b\u4f3c\u6587\u7ae0","link":""},"img":{"alt_text":"David Carter Property and Livestock","src":"https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/05\/1c54c4ff7e41f479cee7ba96e4c91bda.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/05\/1c54c4ff7e41f479cee7ba96e4c91bda.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/05\/1c54c4ff7e41f479cee7ba96e4c91bda.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":929,"url":"https:\/\/propertyandlivestock.com.au\/zh\/positive-outlook-for-australian-rural-property-market\/","url_meta":{"origin":883,"position":2},"title":"Positive Outlook for Australian Rural Property Market","author":"David Carter Property and Livestock","date":"3 9 \u6708, 2018","format":false,"excerpt":"The rural market has had a strong 2018 period, built off the tail winds of continued downward pressure on the softening Australian dollar from the January high combined with a dominant agricultural industry within Australia that has strengthened further in the 2017\/18 period.\u00a0However with all that is going on there\u2026","rel":"","context":"\u7c7b\u4f3c\u6587\u7ae0","block_context":{"text":"\u7c7b\u4f3c\u6587\u7ae0","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1919,"url":"https:\/\/propertyandlivestock.com.au\/zh\/due-diligence-in-a-livestock-grazing-property-purchase\/","url_meta":{"origin":883,"position":3},"title":"Due Diligence in a Livestock Grazing Property Purchase","author":"David Carter Property and Livestock","date":"25 10 \u6708, 2020","format":false,"excerpt":"If a premium is paid for a property based on non-existent or overstated development potential, is it generally a case of \u2018buyer beware\u2019 or a lack of due diligence? (Note: Caveat emptor is Latin for \"Let the buyer beware\".I am referring primarily to the intrinsic economic value of a property,\u2026","rel":"","context":"\u5728\u201cNews\u201d\u4e2d","block_context":{"text":"News","link":"https:\/\/propertyandlivestock.com.au\/zh\/category\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/05\/Angus-5a5e4b71-1709-4efe-b314-f74c6cefff8b-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/05\/Angus-5a5e4b71-1709-4efe-b314-f74c6cefff8b-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/05\/Angus-5a5e4b71-1709-4efe-b314-f74c6cefff8b-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/05\/Angus-5a5e4b71-1709-4efe-b314-f74c6cefff8b-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/05\/Angus-5a5e4b71-1709-4efe-b314-f74c6cefff8b-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/05\/Angus-5a5e4b71-1709-4efe-b314-f74c6cefff8b-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":1005,"url":"https:\/\/propertyandlivestock.com.au\/zh\/we-need-your-property-can-you-help-us\/","url_meta":{"origin":883,"position":4},"title":"We Need Your Property, Can You Help Us?","author":"David Carter Property and Livestock","date":"14 7 \u6708, 2018","format":false,"excerpt":"We urgently need to restock our property inventory to satisfy the needs of active buyers seeking rural, lifestyle and residential properties. 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Livestock and property marketing involves identifying customers and their needs, knowing what they can produce profitably, and using feedback to refine production strategies. A marketing strategy for your livestock establishes a\u2026","rel":"","context":"\u5728\u201cAgribusiness Advice\u201d\u4e2d","block_context":{"text":"Agribusiness Advice","link":"https:\/\/propertyandlivestock.com.au\/zh\/category\/agribusiness-advice\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/propertyandlivestock.com.au\/zh\/wp-json\/wp\/v2\/posts\/883"}],"collection":[{"href":"https:\/\/propertyandlivestock.com.au\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertyandlivestock.com.au\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertyandlivestock.com.au\/zh\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/propertyandlivestock.com.au\/zh\/wp-json\/wp\/v2\/comments?post=883"}],"version-history":[{"count":0,"href":"https:\/\/propertyandlivestock.com.au\/zh\/wp-json\/wp\/v2\/posts\/883\/revisions"}],"wp:attachment":[{"href":"https:\/\/propertyandlivestock.com.au\/zh\/wp-json\/wp\/v2\/media?parent=883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertyandlivestock.com.au\/zh\/wp-json\/wp\/v2\/categories?post=883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertyandlivestock.com.au\/zh\/wp-json\/wp\/v2\/tags?post=883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}