Originally posted by flyernzl
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What are you seeing with the bank financing environment?
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Originally posted by eri View Postan example of what our oz bank masters are doing in oz
Melbourne-born man loses $71,000 deposit in foreign investor crackdown
http://www.nzherald.co.nz/business/n...ectid=11892187Squadly dinky do!
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Originally posted by eri View Postan example of what our oz bank masters are doing in oz
Melbourne-born man loses $71,000 deposit in foreign investor crackdown
http://www.nzherald.co.nz/business/n...ectid=11892187
Someone mentioned that those that have purchased in the SugarTree apartments in Auckland could potentially face the same issue as settlement is now due.
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^
story in the herald a few days ago
only 8? owners with 9 apartments
meanwhile in today's bob dey report
bob discusses the worldwide wind back of quantitative easing
The inevitable tightening, returning economies to cyclical patterns instead of pretending that it’s possible to ride permanently on an even keel, means -
- interest rates will start to rise
- loans will be harder to get
- house prices ought to continue to plateau as has happened in the last few months,
and probably decline substantially after their meteoric rise…Last edited by eri; 20-07-2017, 08:59 AM.have you defeated them?
your demons
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Originally posted by Beano View PostThe last valuation the BNZ commissioned the Westpac accepted the valuer and valuation.
The valuation was readdressed to the Westpac at no additional cost.
HSBC said they would also accept the valuation
Panel valuers apply to all commercial properties
Even properties of only $2mMy blog. From personal experience.
http://statehousinginnz.wordpress.com/
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Originally posted by sidinz View PostI don't geddit. They'll accept a valuation from a panel valuer ordered by another bank, but not by the client privately? Where's the logic there?www.ilender.co.nz
Financial Paramedics
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Originally posted by sidinz View PostI don't geddit. They'll accept a valuation from a panel valuer ordered by another bank, but not by the client privately? Where's the logic there?
Perhaps that valuer has a good reputation?
The report ofcourse is re addressed to the other banks
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But the point was, if a panel valuer does a valuation, what difference does it make whether it was ordered by another bank or by the client themselves?My blog. From personal experience.
http://statehousinginnz.wordpress.com/
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Originally posted by sidinz View PostBut the point was, if a panel valuer does a valuation, what difference does it make whether it was ordered by another bank or by the client themselves?
The only difference I am certain of is
If the landlord occupies the building the income/area is ignored in the report
If I commissioned the report that area is valued
I spoke with the valuer "Darrochs" who told me that difference
The area I occupied was about 160m2...this area was ignored for valuation purposes. .so my valuation was possibly $250k less (not a major as the valuation was about $4.5m)
If I was pushing to get a good valuation my advice would be to move out and lease to someone independent.
I have not used "darrochs" for about 6 years so not certain if they are still "panel" valuers.Last edited by Beano; 20-07-2017, 07:27 PM.
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Originally posted by eri View Postwestpac just sent me a link to their new e-valuer thingie
homes.co.nz/?utm_source=crm&utm_medium=email&utm_content=IL_AN N_SA_INF&utm_campaign=hl_lifecycleLast edited by donna; 22-07-2017, 10:35 AM.
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Mine was only 300k lower than actual value. Shot Westpac.Free online Property Investment Course from iFindProperty, a residential investment property agency.
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If you disagree you can do a registered valuation through their valocity panel (and hope for the best).
Originally posted by Chris W View PostLet me re-confirm that I understand you correctly - Westpac now uses homes.co.nz to use for their property valuations?Last edited by donna; 22-07-2017, 10:34 AM.Free online Property Investment Course from iFindProperty, a residential investment property agency.
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Having that stupid argument with BNZ right now. Gees they behave like stuopid.
Not interested in the cash flow, didn't even want to know. More interested in the values and came up with values I haven't seen in 10 years or more. The tried to tell me how good their insurance company is. oh yeh i says. Having some knowledge of what has happened in Edgecumbe the others are well on the way to sorted but not their lot. Barley even started.
Oh dear, why do we always have to deal with people who have no idea. totally hopeless. Not enough staff, unknowledgeable.
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Yup BNZ use this that's how I first found out about it. BNZ used to be better to deal with.Free online Property Investment Course from iFindProperty, a residential investment property agency.
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