Thank you so much guys. I am in Sydney, my Solicitor in QLD. He pointed out to me today that ( like Terry said) they can sue me and they will try to resell the property. I have to pay the shortfall + my deposit + penalty the list goes on.

I've been trying to use Homeside cos I have a construction loan with them. That will speed the process quicker but the Val came back for that apartment was $25K less than what I bought it for.  Anyway they didn't approved. Likely that I haven't start my development yet, so now I may put it on hold until that finished. I'm waiting from other bank and will see. I will give Terry a call for sure. 

Will keep you guys posted this week. Thanks again with all the supports.

Cheers

Andy

Hi Jamie,

This time has nothing to do with my broker. I've been dealing with him for a while and we had a meeting today. I think cos of my serviceability. I maxed out. 

Cos I'm doing a small development in the mining town, I need a lot cash which I've already refinance a few of my properties. 

Unfortunately, bought it off the plan last year and paid 10% deposit, I thought everything should be find.  

Now, cos the mining slowing down so the rent decreasing, if the rent high then will be different story. 

I also planning to sell one of my apartment soon. So that will free some of equity. But and again I have to pay CGT. 

I will start tomorrow to have a new investment strategies.  

Cheers

Andy