This is Victoria  (from property data)

September Quarter 2013 Median Prices

* median prices are seasonally adjusted

Regional Centres^

^ median prices are based on original series and 12 months ending

Glass House Mountains, Sunshine Coast Qld.   Median 396...4.br. 413

We will have to submit a request now for them to reassess it, and yes, the more assetts, the higher the fee, if you have no assetts, they take 85% of the pension.( They can have under $43,000? (may be changed now to $48000, not sure) in the bank.)

If a relative is living in the home, they can't assess it as assetts.

I was told they send a valuer out to do it when they do the valuation but he must have been wearing rose coloured glasses.

banks always value higher than anyone else.

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@kengillard wrote:

banks always value higher than anyone else.

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I can only speak from my own experience (over past 10yrs).I haven't found that to be the case.

banks always value higher than anyone else.

We were told last time we sold a house that they actually value them lower than Real Estate agents and that then can become a problem if the purchaser is looking to buy a property with the minimum deposit, that there could be a problem of the buyer not getting enough finance to cover the cost of the purchase.

Back to the original topic, let's hope that it never comes in and also that Georgia, somewhere, somehow finds some common sense and educates herself on how things were and that not all things are equal.

If these changes go ahead I think a lot will reconsider their plans and sell up and have a great time till the money runs out.

It seems pointless to work till you drop and have to give anything you have managed to accumilate by years of planning, saving and going without during your best years.

sorry   what I meant to say was they value it high if it is to their advantage, and also lower, if it is to their advantage.  blow the customer.