One bank rejecting your loan application doesn't mean you're done. There are roughly 130 lenders in Australia, and property valuations vary between valuers. Ask better questions and try other banks or brokers who might approve what the first one turned down.
Sometimes one bank will say no. That's just one bank. You have to understand there's 130 different lenders in the marketplace and different valuers will give different results on different days. And so you may then go, okay, well, thank you very much for giving me that idea that I'm out of equity and I can't do this LVR. Let me go ask some better quality questions to another more flexible bank, flexible broker, or flexible lender that's gonna allow me to move forward where you're sitting there saying no.
