I have been investigating whether I have any equity I can tap into from my IPs. Without wanting to go to the expense of paying for a residex report just to find out we do not have any extra capacity we asked our PM to obtain a ball park number. As luck would have it, I now have access to RP data and was able to make my own assessment of the values. The evaluations from the RE were much below my expectations and calculations. Obviously I am biased and want the highest value possible however one of the vals came in at $15k lower than the price we paid in 2003. I realise that this was around the top of the market ( we had a feeling about this when we bought so eyes were open) however based on the rental I receive this suggests a 6.2% gross yield. Brisbane, Bayside at 6.2% gross yield ???????? Show me the way, I'll take a couple of them !!! So the question is do these guys really know what they are on about ? I don't want to waste my time with the bank if my estimates are wishful thinking and theirs are more realistic. What's your experience regarding this ?