How will the sale price of my remediated block be determined?
In keeping with normal land sales practices the Suburban Land Agency will seek two independent valuations to inform the market value of remediated blocks. A formula will be in place to determine the block's market value in the case of variations:
If the difference between the two valuations is 10% or less - the selling price is not less than the highest of the valuations.
If the difference is between 10% and 15% - the selling price is at least 10% above the lowest valuation.
If the difference is greater than 15%, a third valuation will be sought and the selling price will be at least the average of the three valuations and not less than 10% above the lowest valuation.