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This is the point I was trying to get at before.. I think Nathan mentioned his valuers use RP-data that somehow ignore these under valued anomalies.. or he keeps switching lender until he gets the valuation that he wants? Is this right Nathan?

I wasn't implying they're not good value.. just questioning the stage later down the track - will the valuer see the price gain from $180k to $240k, considering the latest sales are all $180k?? But you've clarified that.. and I guess it's been working for Nathan so far :cool:

Skater, Using Western Sydney as an example In doing the re-val, won't these purchases have the greatest influence? i.e. the real value is what has just been paid.. Further to that, unless FHO's are doing no research at all, they'll see these recent sales come up and be crazy to offer...

Nathan, The part I don't quite understand is when you talk about the bank re-valuing at the "true value". It sounds like there are a few people buying below value in western Sydney and Cairns (your friends and other forumites), so wouldn't the bank be including these values in the...