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I can understand that. I had a similar thing happen. Initial "drive by" valuation from the bank was very low. Asked my broker to organise a proper valuation and then it came back at the correct value. Some $40k higher. Nothing like $200k out though! Annoys me that they're so lazy as to...

Ah.. ok. In that case I can see why it makes more sense to sell. Still. You have to wonder why a bank valuation can come in $200k under the actual selling price if you do sell.. Seems a little rediculous to me. I would pay for an independent evaluation in that case. Given that you...

Hi Mark, I don't want to throw a spanner in the works but can I ask why you are selling the existing PPOR? Do you own it? It looks like you have sizable amount of equity in it. The reason I ask is that it might make more sense to keep it, draw down on the equity in the property to set up a...