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Cognitive dissonance. I had a CBD apartment of mine valued last time and the valuer completely ignored sales in the same building! They only see what they want to see.

It can work - certainly better to show a valuer the comparable sales prior to them doing the report as people don't change their minds.

But lenders' valuers are the ones who dictate how much equity you are getting....so what's the point of a 3rd party one you can't rely on?

I always thought it was like anything else...if you can afford a pool you can afford to clean it. It's just like buying a Porsche and complaining about the fuel.

You can't really work it out like that. There are some townhouses with very small land component but their prices are still comparable to those with bigger blocks.

What do you mean by 'inner eastern' suburbs? Hawthorn? Camberwell? Cantebury?

There's a difference between being 'too conservative' and just being incompetent and wrong. Banks would only drop valuers for the latter reason, due to complaints from staff/brokers.

I don't have any doubt that valuers are conservative. That is the nature of their job, the environment, and the PI insurance that they do not want to invoke if a lender sues them. Same could be said for the vast majority of other professionals like lawyers, doctors, accountants etc. The whole...

I definitely would say that a period home adds value as it appeals to a broader range of people. I personally love them (own 4 of them) but their price is limited in many ways by their smaller lot sizes and simply the fact that they are much older than other buildings. Probably not the same...

Not sure how 'buying interstate is a great way to diversify' relates to 'valuation myths'. It is a completely separate issue. And except for the most bizarre of cases, I think that sale price should equal market price. What a cop out for the valuer to say that they know better than what two...