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.
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.