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It's all very strange and I'm hoping its a mistake. Valuer gave really high land value (they've given us 18% increase since we bought lot 12 months ago) but land has performed really well in the area. Improvements are fairly standard I think. Can't get a copy of valuer's report but apparently...

Thanks Mick. I'll be very interested to hear what the reasoning is so. There's nothing unusual about this property - 5 km from city centre, established area, reasonable amount of outdoor space. Unless the fact that it is a rear lot but that seems a bit drastic as I presume the valuer has...

Hi guys, Has anyone ever had a bank reduce the valuation given by the bank's own valuer? We are in the process of applying for construction finance, and the bank's valuer came in with one valuation, which the bank reduced by a seemingly random figure (which is a bit less than 3% of total)...