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Beside the fact we are getting off topic and not helping the person who posted the original question.... If the valuation is done independently on EVERY occasion, why aren't brokers and clients given a copy? All we are told is the amount and if you don't like go jump ! Therefore getting back...

So I am wrong in suggesting go to another bank? Throw in more equity and like it or lump it?

ABL, Westpac on occasion, ANZ has its own valuation department. I'm not saying exclusively and I would think if the bank was using securatised funding they may have to use independent valuers. ANZ do drive by valuations and if I was a valuer with PI insurance I wouldn't do a drive by. Westpac...

Id go to another lender, perhaps one that uses and independent valuer. If you use a local broker he will know which lender is more up to date. That bank may just have too many houses under mortgage in that area, or had a bad experience recover their money in that suburb. cheers Regards...