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Valuation. Strata included?

Discussion in 'Property Finance' started by ej89, 25th Jun, 2015.

  1. ej89

    ej89 Well-Known Member

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    688
    Location:
    Sydney.
    Hey,
    This may be a silly question. When someone comes to do a proper valuation on your house on behalf of a bank, do they consider the strata?

    e.g.:
    property 1. 210K. Strata 250/qtr
    property 2: 200k. Strata 300/qtr
    property 3: 165k. Strata 600/qtr

    Is property 3 technically below market value when looking at comparables or is it compared to units with similar strata pricing?

    Once again, sorry for the silly question.
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    No, property 3 is probably paying a realistic maintenance levy and may present alot better than the others, there could be other reasons eg: special levies being applied, high maintenance levels with lifts/pool/conceirge, or conversely inadequate maintenance being undertaken/low insurance values etc.
     
  3. ej89

    ej89 Well-Known Member

    Joined:
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    Location:
    Sydney.
    What happens with the valuation in comparison to the others though?
     
  4. Scott No Mates

    Scott No Mates Well-Known Member

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    Are the three units in the same strata plan?