Dr Lynne Armitage Managing Cultural Heritage

King Island Council is custodian of an extensive range of community assets that it provides to facilitate the delivery of its services to the community. Buildings are an important component of Council’s asset portfolio. In order to facilitate the provision of its services to the community, KI Council manages an extensive range of community assets and one of the more significant asset groups are buildings. In developing this plan, it was identified that Council’s interests historically (and in line with community’s expectations) extended beyond Council owned assets to other community facilities. The purpose of this Buildings Asset Management Plan is to:

Because of this, it is important that those responsible for the selection of artworks to not only consider the historical value of each exhibit, but also the possible revenue. It is important to avoid a “lack of consensus about the composition of . . . permanent collection and the direction [the] collecting should take in the future” (Source A). Without careful consideration, “financial woes [will be] exacerbated by a poor management structure, a result of a decentralized system” (Source A). However, the subject of money also brings criticism; some believe that financial gain is an “unlawful and immoral spoliation of art” (Source F) and “[a] work is chosen for reproduction, not because of its place within an educational context, or because of its intrinsic aesthetic worth, but because of its marketability” (Source D). While this is a valid thought, we must remember that if a work of art was not culturally and aesthetically appealing, it would fail to bring in funding anyway as its popularity would decrease. The biggest “money-making” displays are successful because they are appreciated by such a large audience, thus “achiev[ing] the proper balance whereby the educational goals maintain their ascendancy and the profits grow” (D). If a museum was truly run by greed and a desire for financial success, the public would lose interest in the lack of historical context and the museum would ultimately become bankrupt regardless of how “financially adequate” the works of art are. Because of this harmonious balance, museum representatives must carefully select works of art that attract enough visitors to shovel in profit and consistent funding for such historical and artistic

(b) that we have acknowledged all the sources used in this Paper. I understand that copying of another's work and representing it as our own work is a serious academic offense, and should be treated as such;

Besides property development, the firm also offers expertise in site and building design and marketing and branding. The success that JMH has been able to achieve over the years is largely attributed to its unrelenting commitment to deliver the highest quality and sustainable properties. This, coupled with its long enduring philosophy of preserving historical sites through restoration and adaptive reuse has earned it top markets and favor in the eyes of its clients. Halpern’s involvement in real estate can be traced to the family blood

As RMS continues to indicate, based on our observations and more importantly on the review of assets during our weekly calls with Altisource, RMS continues to believe on many of these assets, the condition or location of the property is the primary driver behind not only the large reduction in list price, but ultimately a sales price well below the initial list price, all of which contribute to extended days on market and an increase in carrying costs incurred by the Trust. We believe one of the contributors to this relates to the Altisource process where the listing agent is not local to the property and typically has not personally visited the asset to assess the condition, the location, drive by the comps and generally may not be

This report uses the application of direct sales comparison approach to derive the site value for the subject property. There are sufficient sales of vacant lots within 3 miles of the subject property. Seven suitable vacant lot sales were selected and analyzed to estimate indicated subject’s lot value (table_ 1). The analysis uses a per sq. ft. unit in valuing the site. The vacant lots were sold March to October of 2013. Lots attribute such as lot size, lot shape, topography, Resource Protected Area (RPA), zoning which is density of development allowed per acre of land, and traffic patterns were analyzed. The report used the Fairfax County digital maps of property, resource protected area, and topography maps. In addition, aerial photography data was used to determine the level of traffic in areas surrounding each lot.

However, the exact choice of this estimated market value of the subject property depends on how the subject property companies with the comparable

Part II. The following two questions relate to heritage assets and biological assets (65 marks)

In order to explain building depreciation we must separate land and building, ( a property valuer can provide a separate estimate between cost of land

increased investment. High transactional volumes have been a result of major institutional investors acquiring this asset class. The main data to be considered for industrial research includes N.F rent, market yield, IRR, capitalisation value, and land value as well as how the drivers have influenced changes to the Sydney market in recent years.

The Property Council, within its members, accounts for the nations, major investors, property owners and developers as well as the industry’s professional service and trade providers. This suggests the information is consumed and accessed by a broad range of groups and not only companies who are investing into the market for the purpose of running their businesses. The information is factual only, attracting the use of professionals in the property industry which ensures it is a credible source.

I believe the best route for creating access to cultural heritage information, a way to have the best of both nuance and equity, is to employ a system that has a public

allocation, you cAN also radically improve an value of an buildings for an BUSINESSES ANd cAN also create a

Abstract Introduction What is Heritage Significance? What is a Heritage notation order? What are the benefits of heritage listing? What does a heritage listing entail? How is the community affected? What are the disadvantages of heritage listing? The role of local government planning. The role of the Commonwealth. The positive impact of heritage listing on value. The negative impact of heritage listing on value Conclusion References 3 4 5 5 7 8 8 9 11 12 12 13 14 15

He observed that the highest rent areas of a city tend to be located in one or more sectors of the city and decreasing in all direction away from the central location (Kumar, 1994). The high-grade residential areas occupied the most desirable space and were responsible for the pattern of urban growth in the city. The other grades of residential areas were aligned around the high grade areas, with the lowest grade areas occupying the least desirable land. Hoyt explained that due to the dynamics of the property market, the obsolete (old) houses vacated by the higher income groups to occupy high-grade areas were transferred to the middle-income groups. Vacancies thus created were occupied by lower income groups. A filter-down process was observed when new housing unit was added to the edge of expanding city (Hoyt,