What circumstances affect property value

Some circumstances may affect the value of the property you use as security for your Home Equity Access Scheme loan.

When you apply for a Home Equity Access Scheme loan, we’ll organise an onsite property valuation. A third party registered valuer will do a free valuation of the property.

The valuer will take into account key factors when putting a value on the property. This is so the valuation will reflect the true current value of the property, at a specific point in time.

Circumstances that may affect the value of the property can be any of the following:

  • hills, rocky ground or natural bushland
  • unusual title, other loans or mortgages over the property
  • soil erosion
  • fire, flood or natural disaster damage
  • damage or lack of adequate fencing
  • water including allocations, licences or no water on property for grazing livestock
  • insurance value has fallen below market value of all the buildings on the property.
Page last updated: 1 July 2022.
QC 55710