docklands val $25k, or 5% under. a purchase. estate agent wrote a letter with some comparable sales, and, wait for it.... The valuer changed their mind and gave the purchase price. I fell off my chair.
Got a construction val (house and land) back at $30k under, just under 10%. Disputed the val. Valuer calls and tells me price doesnt equal value, and that this builder is changing above industry norms for the area. I said, so if you have to compare the end price to resales in the area, why comment about the buildr being overpriced? The overall price is below the median for the type of house in the area. He went on to tell me how spec homes are much better value than house and land.
Got an ANZ val, came back on the money.