Hi all, I Need some advice. I had an ip valued the other day. Atm it is being rented as a furnished rental. The ip is located in a typical apartment block, where there are owner occupiers, other furnished rentals and normal rentals. Its located in Nth Sydney CBD and is a studio with a car space. The valuer has told the bank that it is a serviced apartment and now the bank has dropped the amount they will lend me by quite a large amount. I thought the difference between a furnished property and serviced apartment is the following: Serviced: Usually the building is owned by someone like Quest who rents the properties on a daily/weekly/monthly or whatever basis. They clean the premises on a daily basis. They have a person/reception there who take bookings and look after them. The properties are all owned by investors. Furnished: Any property in any apartment complex could be rented out as furnished, be it studio/1,2,3, bedder etc. if bc allow it. Other properties in the building are owner occupiers and normal rentals, there can be a mix of all. Rentals for furnished can range from daily/weekly/monthly/yearly etc. Why has the valuer stated that mine is serviced Do I have the right idea on the classsification between the two If so, do I have a case to challenege the valuer? Thanks, Stevec.