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Would like to know the answer to this too. This was my primary concern. That one bad valuation will influence future valuers. Which lenders do desktop valuations when doing an equity loan or refinance up to 80%? Does is depend on the lender or is it a case by case basis?

The LVR is still less than 75% so don't need another valuation, but I have ordered a free one with another lender anyway to see how large the variance is. Will post the result.

Private val I agree Sanj- range is wide. But true test is only putting it up for sale and its only worth what you can get a buyer to pay. That can vary by quarter of a million at least. RE appraisals were in mid $3m's but I am more a fan of comparable sales. Knock downs in this suburb...

Real value Agree that majority of ppl over-estimate what their property is worth. I have been in the game for 15 yrs though and really know the values - it's at least $3m so expected from a bank valuer $2.8m plus. Made no difference to us though because we didn't need the full equity. I...

My partner owns our PPOR outright. In Lower North Shore of Sydney. Purchased for 2.5m in Jun 2008. RP data value of $3-$3.5m which is about right given sales over the past couple of years (although turnover is really low in this neck of the woods). Just looked to one of the majors to take...