Public Works Act Compensation - What Are You Really Entitled

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Market value must reflect:

• Highest and best use
• Development potential (not just current use)
• Zoning and future plan changes
• Access, services, and strategic location
• Comparable market sales

Authorities often assess conservatively. Independent valuation is critical.

If only part of your land is taken, compensation must reflect the reduction in value of the remaining land.

Examples:

• Loss of development yield
• Reduced frontage
• Compromised subdivision potential
• Loss of economies of scale (rural properties)

 This covers negative impacts on land that is not physically taken but is affected by the project.

Examples:

• Increased noise
• Loss of privacy
• Visual impact
• Traffic changes
• Biosecurity separation

This is frequently under-claimed.

Disturbance compensation includes real-world costs such as:

• Relocation expenses
• Professional fees
• Re-establishment costs
• Mortgage break fees
• Temporary accommodation
• Loss of income during transition

Proper documentation is essential.

Where a business operates from the land, compensation may include:

• Loss of profits
• Reduced turnover
• Customer disruption
• Loss of goodwill
• Increased operating costs

These claims require accounting and valuation expertise.