Hi everyone,
My house in Brisbane sits over two blocks. Going off recent sales in the street, the current bank val (which is pretty much the price paid three years ago) is only just less than base land value. The house is a Qlder that has been built in underneath, costing the previous owners over $300k (they did a very good job). Obviously they overcapitalised but the house still has significant intrinsic value. Does anyone have any suggestions how to get this value reflected in the bank property valuations?
New builds on single blocks are selling for significantly more than our bank val.
Thanks a lot!
My house in Brisbane sits over two blocks. Going off recent sales in the street, the current bank val (which is pretty much the price paid three years ago) is only just less than base land value. The house is a Qlder that has been built in underneath, costing the previous owners over $300k (they did a very good job). Obviously they overcapitalised but the house still has significant intrinsic value. Does anyone have any suggestions how to get this value reflected in the bank property valuations?
New builds on single blocks are selling for significantly more than our bank val.
Thanks a lot!