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Yes, so if the valuation came in high enough that ordinarily LMI wouldn't be payable. But afterwards, I withdrew a small amount of equity that would push it slightly above this limit, would I then need to pay LMI as well? Hope that makes sense :p

Another random question - if the revaluation came in at a good amount (enough they we could refinance without paying LMI again) and we then withdrew some of the equity afterwards, would LMI become payable again? The difference to the LVR would be ~2%

Thanks. I had read somewhere of people getting LMI partially refunded when the LVR was reduced but maybe I misunderstood. Good to know anyway

Thanks Jamie. There are two that sold for that exact same price that are very similar to our house (including the one across the street). There are another two that sold for a bit less but would need more work to be closer to the first two (kitchen, flooring, etc).

Hello, Just wondering how influential recent sales are for revaluations and how close valuers prefer the houses to be in terms of location and the interior/features of the house when comparing. The house directly across the road from our PPOR was sold recently for a bit more than we paid...