The Guarantee That Changes Everything
Here's something crucial that sets Transport for NSW apart from other acquiring authorities: if Transport for NSW is widening the road near your property, specialist acquisition lawyers have a strong track record of recovering legal costs from Transport NSW.
Unlike other acquiring authorities where approaches vary, Transport NSW has a consistent and fair approach to legal costs.
Your Legal Rights Under the Just Terms Compensation Act
Under the Land Acquisition (Just Terms Compensation) Act 1991, you're entitled to compensation that is guaranteed to not be less than the market value of your land at the date of acquisition. However, your entitlements extend far beyond just the land being acquired.
1. Market Value of Acquired Land
This is the obvious entitlement – you're guaranteed the full market value of any land being acquired from your property. This is protected under NSW law regardless of whether acquisition is by agreement or by compulsory acquisition.
2. Impact on Your Remaining Property Value (Often Overlooked)
This is where most property owners miss out on significant compensation. Consider this scenario:
Before: Your home sits beside a quiet residential street
After: Your property now borders a busy four-lane highway with constant traffic, noise, and reduced privacy
When determining compensation, we consider any increase or decrease in the value of any other land interest owned by the person as a result of the compulsory acquisition and subsequent development of the land.
This dramatic drop in property value deserves compensation, yet it's frequently undervalued in their initial assessments.