Last weekend 5 units were sold in a row to 5 buyers at public auction. Each was slightly different in floorplan and style etc. But all largely identical in area and location etc. Have some questions concerning potential valuation by a lender. And lets assume for simplicity its the one lender in each case so there is no impact on different lender val policy. Sales : Tess and Luke: 38B Grey Street sold for $3,620,000 El’ise and Matt: 38D Grey Street sold for $3,450,000 Andy and Deb: 38C Grey Street sold for $3,420,000 Jesse and Mel: 38E Grey Street sold for $3,378,000 Mitch and Mark: 38A Grey Street sold for $3,374,000 So lets dumb this down and assume each buyer seeks a loan and servicing poses no issues whatsoever. Lets assume they want to borrow 80% What value would be used ? 80% of what ?? - Actual sale price ? Variance is $246K between highest and lowest. - Lowest sale price ? - Some other "value" ? ie less than sale prices ....eg does a lender strip out of the interior fixtures and furniture and appliances etc ? The interior fixtures are quite high value at cost but potentially may have little value on disposal. eg Gumtree. I cant imagine any lender would allow the valuation of furniture, a free car (?) or the like to be unadjusted. How may that work ?