Episode Details

📊 Thinking about getting a property valuation? Timing matters.

A valuation isn't a prediction of where the market is going—it's simply a snapshot of where the market has been, based on recent settled sales.

In a changing market, that number can shift quickly. A valuation completed today could look very different in just a few months' time.

A few things to keep in mind:

✔️ Valuations are based on past sales, not today's live market

✔️ Different valuers can produce very different results

✔️ Banks often take a more conservative approach during uncertain markets

✔️ A valuation can impact your refinancing options and future buying power

✔️ If you're upsizing, focus on your overall position—not just the sale price of your current home

One recent example saw valuations on the same property range from $850,000 to $1.1 million within a two-week period.

The takeaway? Don't get too attached to a valuation figure. It's one piece of the puzzle, not the full story.

Thinking about refinancing, selling or buying? Now might be the time to understand exactly where you stand. 📈

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