YEAR IN REVIEW

Significant Issues and Trends

• It is likely that the current high activity levels of the Western Australian property market will continue, resulting in strong ongoing demand for land information, registration and valuation services.

• Land information is gaining recognition as a key element in Government decision making, provision of Government services and the delivery of public policy, including sustainable development and emergency management.

• Cabinet has approved the drafting of a Bill to establish a land information statutory authority with commercial powers, to deliver greater return to Government and the community on the State's land information asset.

• Government, industry and the community expect more cost-effective management and delivery of land information through on-line services.

• There is heightened Government and community commitment to the registration of natural resource interest, and the recording of Native Title.

• Impartial and accurate valuation continues to underpin the revenue collection of State and local governments. Greater attention to data quality and the verification of values will be required to avoid the level of dispute and litigation occurring in other states.

• Independent valuation and property advice is critical to transparency in all Government property transactions, and compulsory acquisitions in particular.

• As the number of strata lots being created has significantly increased, the need to amend and modernise the Strata Titles Act and its associated by-laws has become a priority.

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