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Was this by a certified valuer, or an "appraisal" by a real estate agent? I'd guess that the valuation went from a "reasonable" amount, to a slightly higher "reasonable" amount that's still around the median for the area. It's when people buy properties for $250k and expect to get them valued...

Nathan has his own team of tradies so can do everything for the best price. I doubt he's done a small job like this for years. The hardest part of executing your plan is step 1: buy under market value. Everybody else it trying to do it too.