I have a house and granny flat IP in Whalan and contacted the agency that PM's it for a conservative market value estimate. Their estimate is $540,000 to $580,000 The block is 596m2 and nothing special (Found by Propertunity - Yo the Man!!!). The GF is a small 2 bed 45m2 Layout is like a battle axe block with shared driveway and private entry to the GF area. $340,000 bank valuation October 2013 $420,000 bank valution February 2015 and now this extremely high estimate!!! An estimate of $540,000 for a basic no thrills plain label property seems too high. Would people actually pay that much or is this agent getting carried away???