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I recently purchased a valuation map from “Smartmaps range” from QLD government natural resources dept.
It shows a piece of land i want to buy with the last sales value and current valuation. Last sales price was $20,000 in 04. It now has a 2 roller door shed on it and a water,sewerage, electricity connection.
Asking price is $52,000 current valuation from the dept is $27,000. So even taking the shed and connections into account the price seems high? Its commercially zoned though.
Will I have to get another valuation or is this one good enough and i should not put an offer in as the price seems inflated?
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