Hi all, At the stage where I am in cooling off and I was planning on putting down a 20% deposit. My broker said that banks may not do a valuation if you got 20% deposit. Anyway, yesterday we were told that the bank (CBA) will do a desktop valuation. Today?s result is that it came in at 70K short. I was pretty sure it would come in short by about 20-30k given that recent sales in the area went around 650 mark. My purchase price was a few thousand above 700k. The reason for this is because it?s on a north/east corner with views and an internal size of 97sqm not inc the 12sqm balcony (floor plan is very spacious). There is also a car park. New OTP ones in the area are starting around 630K for a 2 bed at a low floor to about 800k for high levels with a view. These are prob 80sqm internal as well. My one is about 10 years old but in new condition. Now my mortgage broker will escalate where they will do a physical valuation; meaning they will go inspect the property. Will condition, aspect, corner, and views be counted as part of valuation? I would say that 12 months ago when prices weren?t so hot, it would have been 630k for the place, but prices have well picked up over the past 6 ? 12 months right? Doesn?t the bank take this into account? How do others make it all the way through with no extra cash to fund ? Let?s say the physical evaluation comes in at 650k, I would still need to get 50k from somewhere. The positive side is that I will reduce the interest repayments on the loan. Any thoughts? Is this the norm that a 2 bed unit high rise comes in at 50 ? 80k less from a valuation? If this is the case, I would be seeing more listed properties as under contract and then back on the market cause buyers couldn?t find the additional funds.