Beware the power of one person, the land valuer. With the stroke of a pen, a home's valuation can be manipulated down or up.
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Personally, mine devalued by 10 per cent in the space of six months. Yet I have been left with no way of appealing this "independent" valuation.
The Commonwealth Bank, being very flippant about the matter, dismissed my complaint as trivial.
Needless to say I am changing lenders.
BILL CAMPBELL
Daylesford