Recent content by j

Legal precedent for Valuers where they value a property negligently ............

Valuers breach and complaints Hi Here is some research info Check out the Valuers Board of QLD website http://www.valuersboard.qld.gov.au/complaints/ One of the decisions below states the valuer " failed to verify factual data that may affect the valuation and was negligent in your...

Now here's a report that will excite you! Alan Oster Chief Economist NAB Ltd It is from an Economics Paper presented at the Uni of WA What Determines House Prices: What the Australian Data Tells Us page 10 In this section, we attempt to put a little more rigour into an explanation...

Inflated valuations and property scandals Certainly the standards in the property and valuation industry are questionable It is worthwhile reflecting back on the professional standards that existed in the finance industry in Australia in the 1990's to 2000's For instance in WA there was...

Looks like Luke Saraceni was a little over leveraged Beleaguered property developer and rich list member Luke Saraceni has had more of his assets seized by receivers, just a week after the collapse of his $500 million Perth office tower project, Raine Square. Yesterday, receivers from...

Call it slight of hand or smoke and mirrors, Australian property valuation standards are low and can be manipulated to benefit the commercial interest of valuers and the banks. If buyers and borrowers believed they were adequately protected by valuation industry standards this could be no...

Fair Market Bank Valuations Are Easily Manipulated in Australia Call it slight of hand or smoke and mirrors, Australian property valuation standards are low and can be manipulated to benefit the commercial interest of valuers and the banks. If buyers and borrowers believed they were...

Australians have racked up a record $48.8 billion in debt on credit cards. According to new figures, Australians are sinking into record levels of credit debt, often being lured to spend more with bank loyalty programs or special offers. We now collectively owe close to $49 billion...

Here it is, the truth from the ANZ Bank and First National Real Estate Australian houses are not overvalued, prices should rise over next 12-18 months: ANZ 2011 could see property recovery: First National Just another point of view and advertorials cheers

Come on... If a contract for sale of land offer is subject to finance, the standard lender process requires a bank valuation. That is routine thank you very much. Come on... First home owners do not purchase property with cash. The vast majority will be subject to finance. Do you...

Valuers set market price This is a pretty good topic. 18 replies and 192 views today Having observed the buying frenzy in Perth in 2006 as a buyers advocate, valuers approving just about anything and lenders accepting crazy short term growth it provided me with an insiders point of view...

During the boom in Perth some Valuers overvalued property. The buyers (FHO's) accepted the trusted specialist, the licensed valuer and the bank accepted the valuation. Everyone wanted a sale, commission and the lender seeking interest income. With e.g. 80% LVR (20% owner equity), 90% LVR (10%...

Fine for well educated and skilled investors Thanks Margaret I understand if an investor is well educated in this area, has competent communication skills, competent negotiation skills, competent strategic skills etc your approach would work well. You are self sufficient. I too understand...

Could this post be accurate? See original post here on Wall Street Cheat Sheet An excel spreadsheet released from a recent briefing by Mark Zandi and Robert Shiller is making the rounds within the blogosphere. It provides a useful compilation of the underwater equity statistics in...

Right Value you stated " Real Estate Agents (REA)'s are regulated .. mmmmmm .. that works well doesn't it? " Yes there is state by state regulation for REA's and standards of practice are always being questioned and practices improved. A healthy system of regulation allows input from the...