Luke Waterson

Parramatta City Council has prevailed in a fight with Transport for NSW over land compulsorily acquired for the state's light rail system, with a judge finding it held a registered interest in the land. 

A court has upheld the $63.8 million valuation of an inner-Sydney high-rise, rejecting Meriton's argument that it should be reduced to $52 million because of its isolation from public transport.

Real estate investment firms Dexus and Ho-Group have convinced the valuer general of NSW to knock roughly $26 million off its initial valuation of a Sydney office sold by Ho-Group last year that was used in a land tax assessment. 

Landowners above the Sydney Metro underground tunnel will be allowed to claim compensation before construction is complete, with a court also preparing to consider potential compensation for any reduced development potential.