QLDIn ForceAct
Manufactured Homes (Residential Parks) Act 2003
sec.62ZHHow valuation is to be conducted
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### sec.62ZH How valuation is to be conducted
The valuer must comply with this section in conducting the valuation of the resale value of the eligible home.
The valuer must conduct the valuation on the basis that—
the eligible home will continue to be positioned on the site in the residential park on which it is currently positioned; and
the residential park is operating normally and will continue to operate normally.
Also, the valuer must consider—
the following matters in relation to the eligible home—
the condition, quality and presentation of the home;
the location within the residential park of the site on which the home is positioned;
the site rent payable for the site on which the home is positioned in the residential park; and
the communal facilities, services and amenities provided in the residential park; and
previous sales of manufactured homes in the residential park and in comparable residential parks; and
any other matters the valuer considers relevant.
Further, the valuer must have regard to any submissions made by the parties to the valuer during the submission period, or the response period, under section 62ZG about the resale value of the eligible home.
s 62ZH ins 2024 No. 28 s 12
(sec.62ZH-ssec.1) The valuer must comply with this section in conducting the valuation of the resale value of the eligible home.
(sec.62ZH-ssec.2) The valuer must conduct the valuation on the basis that— the eligible home will continue to be positioned on the site in the residential park on which it is currently positioned; and the residential park is operating normally and will continue to operate normally.
(sec.62ZH-ssec.3) Also, the valuer must consider— the following matters in relation to the eligible home— the condition, quality and presentation of the home; the location within the residential park of the site on which the home is positioned; the site rent payable for the site on which the home is positioned in the residential park; and the communal facilities, services and amenities provided in the residential park; and previous sales of manufactured homes in the residential park and in comparable residential parks; and any other matters the valuer considers relevant.
(sec.62ZH-ssec.4) Further, the valuer must have regard to any submissions made by the parties to the valuer during the submission period, or the response period, under section 62ZG about the resale value of the eligible home.
- (a) the eligible home will continue to be positioned on the site in the residential park on which it is currently positioned; and
- (b) the residential park is operating normally and will continue to operate normally.
- (a) the following matters in relation to the eligible home— (i) the condition, quality and presentation of the home; (ii) the location within the residential park of the site on which the home is positioned; (iii) the site rent payable for the site on which the home is positioned in the residential park; and
- (i) the condition, quality and presentation of the home;
- (ii) the location within the residential park of the site on which the home is positioned;
- (iii) the site rent payable for the site on which the home is positioned in the residential park; and
- (b) the communal facilities, services and amenities provided in the residential park; and
- (c) previous sales of manufactured homes in the residential park and in comparable residential parks; and
- (d) any other matters the valuer considers relevant.
- (i) the condition, quality and presentation of the home;
- (ii) the location within the residential park of the site on which the home is positioned;
- (iii) the site rent payable for the site on which the home is positioned in the residential park; and