Thats not going to assist, unfortunately. Neither banks nor mortgage insurers will accept a valuation that has been ordered by the vendor.  Thats precisely why lenders have panels of valuers who they assign valuations to randomly, and its precisely why mortgage insurers have check valuation departments. Valuers are liable to lenders and insurers for the information contained in a valuation report, so they arent going to take chances. If they provide a dud report they could be cut from a lenders panel, and that means a huge hit on their income.  Valuers are always, always always required to provide 3 comparable sales on a valuation report they prepare for mortgage and mortgage insurance purposes, at a bare minimum, which are officially recorded on an independent dtabase such as Residex or RPData, for example. The 3 comparables usually include one superior, one inferior and one similar sale.  They will never never never use data thats not provided by an independent source, so your agent yelling at them and telling them she sold one for 642K wont have one bit of influence, I'm afraid. Until the 642K sale appears on rpdata or residex, the valuer will behave like it doesnt exist.  Thats the cold, hard reality.   

Besides, who says the valuation that the lender ordered on the 642K sale, was for 642K?  It may have been lower. The valuer cant just work on the word of the selling agent. The selling agent has no idea what the valuation came in at. The buyers may have had loads of $$$ and the valuation may have been lower than 642K, but they just wanted that property so they tipped in extra money. No one knows how large their loan was or what LVR it was.  You cant expect a valuer to work in theories. They just wont do that.

Because the majority of quality property is now negativly geared, you can wait 1-5 years before you see a neutral cash flow position. it just is not possible to accumulate 20 properties in a few years in todays enviroment due to stricter lending, higher LVR ratio and most properties will be negatlivly geared.

Thats when you create you own business, until we see positive geared properties coming onto the market again. (that wont be for many years)

It all depends on the State and the regulation within that State.
 
For example in Qld up until recently you need 1st mortgagee consent to register a 2nd mortgage but those days have now gone and no consent is required.

No other way as 2nd mortgagee is going to want some security.

I assume you cant borrow it from your current lender ?

shab008

We are currently (painfully) building with Dixon homes.  My simple answer would be 'run the other way'.  However I do understand they have franchise offices so not sure which one you are with. If you have to deal with their head office off Ipswich Motorway then don't bother. 
Office staff are great, but really they never tell you anything and are the first to demand something of you.
Management is just not interested in any customer enquiries or complaints.
They still sell on a 14 week build, which normal people will understand might blow out to 25 weeks with weather etc. Well we are at the 8 month stage and still don't have a house despite them not even having to finish for us. We are doing our own painting, rendering, fencing, landscaping, floors.
So just to give you our story. We started with foundations being cut completely incorrectly.  Yup they completely cut out a room.  As we were onsite at the time at the sales office for our estate we noticed this straight away. Nope didn't have to 'tresspass' onto our property, could see the mistake from the street. Called the office and told them.  True enough while we are on the phone with the office the cement truck shows up and the guy starts pouring into the wrong foundations.  Clearly neither the cement guy or the foundation guy had the correct information but surely they were using the plan we signed to right…  So the first delay start, 3 weeks to rectify this problem which of course then pushes back the slab being poured. 
So the slab finally gets poured with the rectification finally done to the foundations.  Now we are in the XMAS break and we understood we would already be 3 weeks behind because of this, we planned for it. We were assured we would have a slab before Christmas and nothing more.  Lo and behold the trusses and frames show up the week before everything shuts down for XMAS.  So they sit there for 3 weeks we figure. No harm done.  However they were stacked incorrectly, big trusses on top of small ones, not at all in order, causing the bottom chord of a couple of trusses on the top that were hanging over the side to snap.  Great another rectification delay we are going to have to come back to.  Supervisor was aware of it and said it would be fixed. We couldn't relaly ask for more could we.
Come back after xmas and still more delay, no rain, just delay getting started.  Then because they again notice the trusses are delayed and they have no trades to put it up, again more delay.  Then some our supervisor tells the trades to put up the trusses as is.  Yup snapped.  So up they go. Then the delay for rectification starts again, another 4 weeks down.  So by now the trusses and frames have been sitting out in the weather for over 3 months. 
Oh lets not forget the broken pipe that was covered up on the outside of the house by one of the machines i guess.  Yup supervisor saw this with us.  Said don't worry it will be fixed.  We are hopefully nearing completion and nobody has fixed it yet.
So thats just the start of the mistakes.  Took us 4.5 months to get just frames up. 
So yup we were getting near ropeable but figured ok still inside the 30 week mark which we thought was realistic.  So just 2 months to finish it off. Again they were not rendering, painting, fencing, landscaping, flooring etc for us.  Just brickwork, windows, electrical, plumbing and then handover right.
Yup well we have been sitting at practical completion stage now for 2 months waiting on vanities.  Ok so the ones we picked now 5 months later had a delay on them, fine, so any options to pick another one that might be in stock?? Nope.  Any option to go pick out one ourselves and get it reimbursed by them to speed things up a bit. Nope.  Just have to wait we are told.

Anyone picking on us for being precious first home builders can go jump. We were not concerned about letterboxes, paint, taps etc.  We were stuffed at foundations, slabs, frames stage.  The things that make a house.

By the way we have come to know many many other dixon clients who have had the same structural type problems and delays that could have been better managed which have now blown out their living budget.