Catchwords
Tort – Misrepresentation – Valuation of property – Representation as to present and future value – Duty of care – Scope of liability of valuer – Causation and remoteness of loss – Whether liability to financier includes losses arising from subsequent fall in property market.
Damages – Negligence – Misrepresentation – Valuation of property – Remoteness and measure of damages – Whether contractual remoteness test applicable.
Trade practices – Misleading and deceptive conduct – Valuation of property – Remoteness and measure of damages.
Valuation – Property – Principles – Efficiency of market – Foreseeable risks – Whether factored into value.
Fair Trading Act 1987 (NSW), ss 42, 68.
Trade Practices Act 1974 (Cth), ss 52, 82.