IPART have released their final report into the price setting for valuation fees, some key points are:
* the prices are fixed for six years
* over the six year period the determined fees will be 4.5% lower than proposed by the VG
* their will be four regions, Country ($7.51), Coastal ($6.40), Metro ($5.90) and City of Sydney ($12.21).
* the VG will invoice councils based on the number of valuations as at 30 June – there is no need to determine residential and non-residential categories for billing
Please read the document which is available on the IPART website or click here IPART final report VG pricing 2019
Thanks for every ones input.
Regards,
Andrew
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