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kelvin

3 years ago

Supply and demand are the deciding factors with valuations - especially units off the plan currently. There are investment companies that value the properties with an independent, third-party valuation which I can refer you to.

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James

3 years ago

Hi Sudhindra,Not that often but it can happen nevertheless. If you have not brought a property yet I'd suggest do some research on the valuation of similar new builds in the area, and use that as a guidance on the future price. Of course - there is always an element of risk with trying to predict future property price movements but goes without saying for Off the Plan purchases. If the above sounds daunting - you can always stick to buying existing. First home owner's grant can be tempting but it is not always worth the risk.If you have already brought a property and you are worried about obtaining finance- you have a great deal of options. Each lender uses a different panel of valuers, and chances are not all of them will value a property at the same price. Depending on the area of the property we can look at lenders with valuers that have historically been more generous in order to secure you the best outcome.Hope the above helped. Best of luck with your property journey!James Zhang04**** 3****@psfi****.au

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Anita

3 years ago

Hi SudhindraValuers are hit and miss now days they sometimes value the place to cover there backsides.But if a valuation comes in short then you have to find proof for them to make the price higher if they can see the value then they will change it.

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Sean

3 years ago

Hi SudhindraAs you state it is very infrequent that valuations come in lower than purchase price for off the plan properties. We have a number of lenders on our panel where we can undertake an "upfront" valuation on the property once it is near completion and should this come in below purchase price we can undertake a valuation with another lender to get around this issue. However as mentioned this hasn't been an issue recently and actually most of our the valuations are coming in higher than the purchase price and we have lenders our panel that will allow you to use the higher valuation and sometimes means you have to pay very little extra - sometimes nothing - in order to complete the property purchase.I hope this helps but if you want to chat through in more detail or fot me to show you some examples of what is available for you then please do not hesitate to contact me on 04****28 or s****@stra****.Best regardsSean

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