ExclusiveClare BurnettTue 08 Sep 26
Your Land is Worth Millions—Until the State Makes Its Own Plans
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A landmark payout and new planning amendments have reshaped compensation for planning blight across Victoria.
In a case earlier this year, a Supreme Court of Victoria judgement over a tract of land at Wyndham Vale awarded a developer $27.92 million after the site was earmarked by the Victorian Government for transport infrastructure and a grasslands reserve.
Transport for Victoria initially offered nothing in compensation for land reserved under a Public Acquisition Overlay (PAO), and the Barrett v Transport for Victoria case made waves in the industry, highlighting the ongoing issue of planning blight, Gadens partner Andrea Towson says.
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