Fifteenth Avenue Upgrade
The NSW Government upgrading and extending Fifteenth Avenue in Austral. If you are affected by this upgrade, you may be entitled to compensation.
Compensation payable.
The Land Acquisition (Just Terms Compensation) Act NSW allows for impacted parties to be compensated. Sovereign Valuations has represented many interested parties with our fees covered by the compensation paid as qualified valuers, including recently in Austral.
Depending on your circumstances, you may be entitled to market value of the land lost, and any decrease in the value of the rest of your land. If you have a confirmed interest in the land, you are also entitled to compensation to engage a lawyer and may be entitled to other professional fees. You may also be entitled to other compensation depending on the circumstances including but not limited to compensation for the decrease in value for the rest of your land, stamp duty, costs for relocation or special value.
Sovereign Valuations has completed a range of acquisition projects for residential homes in Austral through to Sydney CBD mixed use development sites of more than $300 million value.
The locations of the extension
Transport for New South Wales is the acquiring authority in this project. The announced locations include Fifteenth Avenue between Cowpastures Road to extend beyond the western end of Fifteenth Avenue.
Summary of the project
The road upgrade is planned to:
Expand the road to two lanes in each direction.
Protect space for future bus lanes.
Install traffic lights at multiple intersections.
Install turning lanes.
Your next steps
If you are affected by this project, please contact us for an obligation free phone call on 1300 710 000 or alternatively, fill in the form below and we will contact you to discuss how we can assist.
