I think i need to hire or at least get a chance to meet with and discuss with the valuers or valuation company that my current lender ANZ is using, Does any one know who ANZ in Perth uses???
I found when they last valued a development site I own, 1/2 acre block (4 months back) they didn't assign any value to the development potential, instead just compared against other similar sized, but completely different zoning hence dev potential properties in the area.
As this block has also just receive a substantial increase to it's development potential via various applications through the local Shire, I am hoping to fund the part or full cost of building on the site via the increased land value hence equity i now have in the land. So for me to ensure i get a favourable valuation would be quite beneficial.
Any help would be appreciated.
Paulie
I found when they last valued a development site I own, 1/2 acre block (4 months back) they didn't assign any value to the development potential, instead just compared against other similar sized, but completely different zoning hence dev potential properties in the area.
As this block has also just receive a substantial increase to it's development potential via various applications through the local Shire, I am hoping to fund the part or full cost of building on the site via the increased land value hence equity i now have in the land. So for me to ensure i get a favourable valuation would be quite beneficial.
Any help would be appreciated.
Paulie