Found this and thought I'd share.
March 11, 2014
Outstanding price growth for Brisbanes inner north
Just had a valuation for refinancing on a stunning tri level home on 900m2 block with new infrastructure to airport and CBD not within eyesight but within 500 meters and it came out same as 2009!!!!!!!!!!!!! By CBA
I think the bank valuation sometimes can come in at a lot lower than what you could get if you sold it! When I uncrossed my loans to release some equity, I thought that my unit would be valued at around $330 k by anz, and was shocked they only valued it at $275 k. If I sold it I'd get at least $330 k in Perth. Anyway I'm still able to invest, i have enough equity which is good.
All sounds like good news.
Ive been previously developing in lower priced areas and not getting good vals - many buyers not settling or having to find equity elsewhere..
Just bought 4 small lots together in Lutwyche, (5km North of Brisbane) and hopefully this time vals will be better.
Will probably do dual-key style but keep them the same price..
Valuers dont always care but it should sell them faster.