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Ok. (Still learning about valuation terminology).

The valuation was redone and came back at exactly at the purchase price.

Update for anyone interested: Firstly - all resolved and the couple have settled and are moving in. But..it was an interesting series of discussions. It turns out that the valuer was correct. There is not a car space on the title. The car space attached to this particular apartment is...

Huge apologies to NAB. It's not them but ING who are the lenders who sent out the valuer who got it wrong. Update: at lunchtime today, on the advice of their broker who has got precisely no-where with having this valuation amended to include the car space, they have now applied with ANZ.

Gosh - all these names of people that I don't know. Thanks for telling me what valex was. Next one is assessor - is that different from the person who did the valuation? The valuation hasn't been amended yet.

Thanks Terry - relieved to hear that it's no big deal. Guess they need to be a bit patient. They are first time buyers and quite nervous looking at a sale which has been a year in the making going down the gurgler.

Thanks Aaron - what is valex? The valuer himself? The broker did send an email pronto, and did get the actual valuation from NAB to pass on to the buyers as if it was final.

Does anyone have any suggestions about what to do in this situation? A couple bought a Sydney CBD apt. 2 weeks ago. The price in the contract is in line with other apartments which have recently been sold in the same building within the last few weeks. The valuation came in 1 week ago way...

We have just come out on the right side of an IRS battle lasting nearly 3 years. It was very scary watching the interest and penalty rate climb on the amount they claimed I owed. You are absolutely right - they send the bill first and the fight is on. Guilty first - prove your innocence...

Sydney cbd, Darlinghurst, Surrey Hills, Pyrmont, Potts Point... easy walking distance to cbd.

Thanks for that.

I have some questions about inner Sydney apartments as PPOR. Recent articles suggest that there is a huge quantity coming onto the market and this is taking pressure off buyers. To those in the thick of the market, are you finding that this is true? There certainly seem to be more suitable...

Visit Carrick Hill if they are into history/antiques/afternoon tea. +1 Central Markets. And Perryman's bakery once had the best pasties. (That's pasties, not pastries). Anyone know if the queues still wind around the street?

Excellent posts Emma. Thank you.

Oh no - that's terrible. Can you put a short sentence on your website to distance yourself from the shonky namesake? Especially since you are getting emails about it.

Excellent report. I thought the ABC did a great job. Nothing to be disappointed about at all Jeremy. It was a real eye-opener for a lot of people and because it was delivered in the usual measured ABC way it packed a lot of punch.

I haven't posted here in yonks. But I have to wade into say - WHERE? Where are the avenues to get the word out? Obviously the word is NOT getting out - otherwise you wouldn't have all these poor sods in the USA getting ripped off time after time. This was the perfect site to inform people...

8 of these 9 points are valid reasons to object to a development. Why do developers persist in designing ugly eyesores which are too big for the space where traffic problems have not been worked out and which impact adversely on the surrounding houses? How can developers complain about...

We sat in a flat market in California which lasted for 9-10 years from 1990 or so. You just got used to prices which stayed the same year in year out. Of course then it shot up again so that our $400K house in 1998 was a $1 mill house in 2006. Then it went down again. Now it's going up...

What is even more interesting is the fact that this kind of breakdown on who is buying what is publicly and easily available. Bit of a contrast to Australia.