Mr. John Moran:

What we do when we undertake a valuation is give our true, fair and accurate representation of what we think that property is worth in the market. If one consulted my peers, the financial community or the developer community, we would be known for being at the conservative, not aggressive, end of the market and we take our responsibilities very seriously. We also realise that now, in particular, one has a duty of care to the bank or financial institution as well.

Do valuers get pressured by developers to increase their valuation figures? Absolutely, they do. Our policy is we will resign from an instruction, if that happens.