Established in 2009, Augmen Consulting represents our clients with the utmost regard for their privacy and security, particularly when acting in the capacity of a Single Expert Witness in Family Law matters for the Family court of Australia, Federal Circuit Court and any mediation matters. Your client has placed their trust in you to strenuously and professionally represent their interests, and as your trusted and experienced advisor, we are here to augment these ideals.
VALUATION OF RESIDENTIAL PROPERTY
When valuing residential property, it is common practice to value these assets based upon the accepted definition of “Current Market Value”. This is the price that a willing but not anxious buyer, acting at arm’s length, with adequate information, would be prepared to pay to a willing but not anxious seller of the shares or assets (as defined in Spencer v The Commonwealth of Australia (1907) 5 CLR 418). The method of valuation however depends not only on the type of property or commodity concerned but also on the purpose for which the goods (assets) were originally acquired and the need to realise on them in the shorter or longer term: see Hull and Hull (1983) FLC 91-360.