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But they have to know what they are doing and compare like with like. When I sold my unit last year, which was on almost 400sqm of land, a local agent (not valuer), used RPData to value my unit at $70k under market because he compared my unit (with land) to similar units with no land component...

Having had many valuations done over the years for loans or re-financing, I certainly can't agree with your claim that a valuer is competent or would not hold their position. In WA particularly, I have had trouble getting proper valations for a free standing house on a small block. The house...