My husband and I are paying off a two bedroom whetherboard house in brunswick victoria we bought for 350K in 2003. Our mortgage is very high around 280K and our income is not high due to me working part-time after having a baby. My husband is reluctant to sell this house saying we wont make the money back or a profit if we sell. I have looked at the rental market and it seems we might only get 350 per week for it which means we are still having to make up quite a large amount of our mortgage payment. Are we likely to make money in this area or better off selling and moving to an area we can afford. Is geelong a good prospect? Does anyone know professional people that could help us work out what is the best thing for us to do. Desperate and stressed!
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