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Okay .... Update. After the very low original $420,000 valuation (see first post), I managed to get a comparable sales report from a real estate agent up there (Qld) for dual occ's sold in the Ipswich area. Based on this info the bank agreed to arrange for a second valuation from a different...

Thanks for the replies. I suppose it would have made things easier if we had gone the "strata" title option the two properties or re-applied for subdivision from council, but as we are holding for at least the next 10 years we want to avoid the extra costs of double rates etc as Ipswich...

Got a dual occupancy development up in Redbank Plains that we are looking to refinance. Bank valued it at $580,000 in 2012. Different bank valuer went out to inspect yesterday and came back with a valuation of $420,000..... I'm dumbfounded. This is for a totally renovated 3,1,1 and a 2 year...