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I mostly do the NorthWest which is an area bounded by the Western Highway to the south, the Western Freeway to the East, the Calder Freeway to the North and the Green Wedge to the West. This is my patch for a major bank. I live right in the middle of the area. I also do the $1m plus stuff in...

Thank you tobe, I appreciate the thoughts .. just trying to help and to correct some of the many ill informed myths I often hear about valuers and valuations .. unfortunately our profession is not too well understood. I used to run property investment courses for financial advisers .. mostly...

JB, That should be the case.. but remember this.. The Valuation profession is like any other profession ..you have your good ones, your mediocre ones and your dud ones! I would say that the firm I work for, has a mix of all three but with the weighting in the good ones and the dud...

Do you mean the sale price of the property being valued or the sale price of the comparables used? If it is the former, well I would say that 95% of the time the sale price of established properties is the valuatio figure, rarely would it be more than 10% difference... If I think a...

which "actual sales figures" are you referring to?

It is reconcoled in that second comment. I put in the new sales that I use to arrive at my valuation figure and then throw in a couple of older sales in that justify the figure and placate the MI's. They may not be settled but at 60 to 90 days old they look settled. Note that this MI...

you are quite wrong here. I and most valuers use the same database that REA's use. As soon as they report a sale it is on the data base we use . Many a time I am using sales that are less than a week old for comparables. I also drive the area and if I see a sold sign that is not yet...

Indulgedbelle sent me some deatils of where her property is located. It is a seaside holiday place where I do not value and have never been. However I did a search of sales and there is only one sale on PDOL in that suburb in the past year .. selling well below what her property was...

I do a market valuation on the date of inspection based on PAST sales evidence, using the most recent evidence I can get. Believe it or not often recent evidence is not accepted by the mortgage insurers .. sometimes they only want settled sales ... so I throw in both the most recent and a bit...

True Valex is dominating the Valuation industry now.. they are basically a middleman that stands between the financial institution and the valuer and doels out the work. As for the valuation parameters.. I have done 10's of thousands of valuations for lenders ranging from lenders of last...

Indulgedbelle and Rob Williams Were actual valuations performed? That is did a valuer inspect the property, take notes and photos and measure the property or did the bank use another appraisal method such as a desktop or driveby - neither of which are valuations. Sounds rough...