How'd that go? It's not really the valuer's fault/choice if I remember correctly?
I don't have my files with me so this is from memory. Asia Pacific building with controlled release of units and a lot of units marketed...
I have had a fair bit to do with a number of deals in that building. I would be careful buying there, it's a good building, good for tenants but...
Bank standing instructions often specifically exclude Highest and Best Use in situations were its a resi lend with subdivision/development potential.
In many cases the insurance figure and the valuation amount don't have much in common. If the building is older, most of the value will be in the...
Reading the info again, you have bought the property with an expired lease and have negotiated a new lease with the tenant? Is the new lease...
Have no knowledge of the market in Blackburn so can't really comment there but as others have said there can often be little relationship between...
Didn't he time it perfectly? Take all the profits on the way up, then sell just prior to the slowdown. In another year or so he will be able to...
Know you are talking about Syndey but in reference to the "all states" comment in Vic, ratchet clauses are prohibited under the Retail Leases Act...
This is true. I have seen situations where properties like these were sold quickly off market for below market value but once they get advertised...
I don't know much about the Valuation legislation in NSW but what do people see as the negatives of this? What aren't you looking forward to?...
There certainly are. In the end it's only someone's opinion, esp when there isn't a Contract of Sale involved.
Yes. Land Acquisition Act 1986 (In Victoria at least, from memory) gives the government the powers to compulsory acquire land. Unless you can...
It's not the conservative option because its not yet the H&BU, it reflects what the current situation is. As others have said, if he wants a lend...
I'm interested in this. I'll admit I have no knowledge of the market but based on the advert I was able to get close to the price based on my what...
My take on this is that Valuers should be interested in facts. That is facts about the subject property and facts about settled sales. What the...
If they didn't inspect twice probably they just assigned the valuation from the first bank to the second. Just change the name at the top.
Sometimes you can get Director's or QA staff who drive a mindset within a company (conservative or otherwise) but as many have said I believe the...
Yes, this is how I read it as well. It won't result in interest rates 2 to 3 times higher, just as if the price of flour doubles the price of...
Assuming you are in Vic, what is the zoning? If you are in an Industrial zone (Ind 1, 2 or 3) residential accommodation is prohibited except with...
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