Our construction loan is also approved today with NAB - but subject to final valuation.
How does this valuation works ? Any experience with NAB? Do they really overvalue your construction cost? We are with Rawson Homes and now at a construction cost of $380k for a double storey Huntley 27.
Any input will be appreciated. Thanks guys.
Great to hear, Ridwan. Usually the bank will value your construction loan on the cost price of your tender. Based on my experience anyway.