Hi Clive, we just used the middle estimate from 'Real Estate dot com' or 'On the House'.  I can't actually remember which one we used at the time, (it was more than a year ago now) but it was one of those two.  We uploaded a screen shot of the website's valuation to back it up, and Centrelink approved it ok.

When you apply there is a Mod R that you fill out for Real Estate other than your own home. Centrelink may assign a Registered Valuer to appraise it at no cost to you.

Can you own your own home, have a separate "investment" property and still be on the pension? I didn't know that!! Wow

Good question Clive but I'll ask you an alternative question to put yours into perspective:  how long is a piece of string?

My method has always been to put a value on the land (sundivision + services) and  then add on the cost of building the house.  That'll give you are starting point.  Then consider how old the house is and scale back the cost of a rebuild.  At that stage you have a REALISTIC figure. 

If the market is paying double that you're in an overheated market.  If the market is way under that then you're buying cheaply.  Of course always consider demographic changes and word prospects as markets are sometimes deserted when the only real business in town packs up and leaves.

Hi Clive. If you google real estate.com and click on the valuation box you will be able to get a current market valuation for your property. You can then give that valuation to Centrelink which probably checks at the same site anyway.

Thanks for all your help members. To be clear i own my own house which i will live in and have an investment unit.

It seems that some of you have used real estate site valuations to get the pension so i will probably go down that path.

I should get a small pension plus the return from the unit. Thanks again. Tilt

Thanks Mick for those valuable thoughts, which offered no help to the original question.