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You're right there for someone straight out of school. Min 2 years at Bond Uni for CPV (http://www.api.org.au/folder/static/accredited-courses-valuation). Only 2 semesters or 9 months if you already have a degree, which implies that the actual content specific to a valuation credential is...

Thanks Tobe - that's what I was starting to understand too. There are now 3 agents booked for appraisals.

Sorry Brady, my mistake in writing. What I meant was "pending sales" as in "without there being sales...". Agree 100% that it's-almost-sold means nothing ;)

Heh heh - yes, I was once a poor academic :rolleyes: This brings me to wondering what the 18months of valuer education actually gives you! Exactly what makes a licensed valuer any better than any other sensible - note the word - person in being able to pick a value that the property could...

Thanks Greg. I don't know how the valuer was instructed - since its for one half of the couple to take over the currently jointly held house, I assumed it would be for a loan/mortgage. Rob

Pending sales of anything that's remotely similar in the suburb or near suburb that's the same type, please tell me what else there is to do! Truly - happy to learn. I'm a scientist with a reasonable knowledge of stats and maths - even worked for the CSIRO group of that name - so I'm not...

Thx. That's good information about valuation cost I'll pass on.

Well, I won't speak for them, but my reason was looking at the old records, when bought, the property was 5th highest in the suburb. 5th highest now is precisely 680 the difference in UCV between then and now, added to the original price paid, is exactly 680 the percentage growth in the...

Thanks Rolf. I've done some research for them too - recent sales, suburb change across years of ownership, change in UCV over time, etc. When you say "90% of the time valuers get it right", are you saying they are spot-on 90% of the time and 10% of the time they are way, way out, or...

Hi Jamie, The house is jointly held, but the two are changing to single owner under "For love and affection". One of them has done lots of research and believes $680k is about right for the property. The bank valuer has come back with $600k. The other party (who will become the sole...

I'm trying to help some people who have been scared by a low bank valuation on a property. I think bank valuers tend to get the property low by about 5-15% (or more) to give the bank room for a fire sale if needed. How much would you say bank valuers "usually" go under based on what later...