Our broker told us to put down $500k but we only expected between $450-$480k. The valuation came in at $400k….. the average median sold price in our area is $585k for houses, and $410 for units.
Houses of the same quality and standard, but on a smaller block (by at least 300m2), are selling for at least $450k.

Does that sound right to you?
Thanks for the info on ANZ. Will look into it!
Z