I thought I'd share something for CBA customers which I recently discovered.
Via www.mywealth.commbank.com.au you can punch in your PPOR/IP address/s and it appears to instantly sync up to the same RP Data valuation system that the branches use (someone correct me if I'm wrong).
This means at any given time you can discover what CBA (and presumably others using RP Data) will come up with if they do a desktop val on any of your properties.
Not sure how much use it is to everyone, but it's certainly a big help to me in the lead up to another equity extraction –*I can estimate my PPOR val in line with theirs to avoid a curb side val if there's a discrepancy, and work out exactly how much equity to extract to get the LVR to 89.9% to avoid a big LMI hit.
Via www.mywealth.commbank.com.au you can punch in your PPOR/IP address/s and it appears to instantly sync up to the same RP Data valuation system that the branches use (someone correct me if I'm wrong).
This means at any given time you can discover what CBA (and presumably others using RP Data) will come up with if they do a desktop val on any of your properties.
Not sure how much use it is to everyone, but it's certainly a big help to me in the lead up to another equity extraction –*I can estimate my PPOR val in line with theirs to avoid a curb side val if there's a discrepancy, and work out exactly how much equity to extract to get the LVR to 89.9% to avoid a big LMI hit.