just thought I'd share.... I was pre approved through Adelaide bank for 90% lvr loan up to property value of $250k Found an older 2 bed unit in Redcliffe for $230k. (Jeffrey st). Valuer went on site and from what I understand gave a positive appraisal. Finance was rejected by Adelaide bank as they say lmi was not approved due to possible flood issues (could be valid) and insufficient comparable sales. Does that sound "normal"? Rpdata shows recent sales validating my offer and I know for a fact another unit around the corner almost identical sold for more ( I was an active bidder at The auction). Maybe banks getting more selective on 90% loans? Maybe lmi was truly rejected. Anyone had similar experiences lately???