Industry implements new valuation rules

[Propertunity]

The result of this may be 'interesting', as long as it is not a race to the bottom for how low vals can go?

http://www.theadviser.com.au/breaking-news/8243-industry-implements-new-valuation-rules

Just one week after brokers voiced their concern about “conservative” and “inconsistent” valuations, the industry has introduced a single set of standing instructions for valuers.

 

[Spectre]

This val change has been in the works for months.

I think it was a week after their last post on the advisor. they're seeming to run out of decent things to blog about

 

[Rolf Latham]

This val change has been in the works for months.

I think it was a week after their last post on the advisor. they're seeming to run out of decent things to blog about

did u read about the new pencil sharpener they tested last week

ta
rolf

 

[Spectre]

did u read about the new pencil sharpener they tested last week

ta
rolf

its next to the cba offset and super active bank bdm

 

[RightValue]

These standing instructions came into effect on 1 October 2012.

The main change, which is what annoys every valuer I know is that you can only use settled sales, not the most recent sales.

Also photos must be time and date stamped.

Otherwise they pretty much streamlines (with most restrictive instruction) what was previously a whole lot of differing standing instructions which makes it easier than trying to remember which lender requires what.

 

[Qlds007]

What CBA have a new offset account !!!!!!

Last couple of vals i have seen it seemed like that the valuer had invested in a new doubled headed coin.