Which factor would most likely have a negative impact on property value?
Correct Answer
C) Being next to a busy highway with heavy traffic
Location near a busy highway typically has a negative impact on property value due to noise pollution, air quality concerns, and safety issues. While proximity to transport can be positive, busy highways create undesirable living conditions that reduce property appeal.
Why This Is the Correct Answer
A busy highway next door brings traffic noise, fumes and safety concerns, which reduce residential amenity and buyer demand. The other factors usually add value.
Why the Other Options Are Wrong
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More Valuation Questions
In applying the summation approach to value a heritage-listed property in Sydney, which additional factor must be specifically considered?
In Queensland, the statutory land valuation that councils use to levy rates is made by:
The comparable sales method of property valuation involves:
A Queensland property owner disagrees with the Valuer-General's valuation of their land. The owner may:
When valuing an income-producing property in Queensland using the capitalisation approach, a valuer primarily considers:
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- → A Comparative Market Analysis (CMA) prepared by a Queensland real estate agent differs from a formal valuation in that:
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- → Which of the following factors would typically DECREASE the market value of a residential property in Queensland?
- → A Queensland seller asks an agent what her house is likely to sell for, and the agent decides to answer. What must he give her?
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- → When conducting a property valuation in Queensland, what is the most critical consideration regarding comparable sales data?
- → What is the difference between 'site value' and 'capital value' as used by the Valuer-General in SA?
- → When valuing a rural property in SA, which of the following is a key factor that distinguishes it from suburban residential valuation?
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