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Decrease in market value

To assess a decrease in market value of property, a court must first assess how much the property in question would sell for if it were put on the market in an undamaged condition and bought by a willing buyer. Then the court must assess how much the property would sell for in its damaged state. The plaintiff is then entitled to the difference between these two values.

Murphy v Brown (1985) 1 NSWLR 131.