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  • Profile photo of Kipper57Kipper57
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    I agree with discussing it with Town Planner to save getting into trouble down the track

    Profile photo of Kipper57Kipper57
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    Yes the moving and then the damage whilst being moved etc etc, one would have to wonder if a Kit home would be easier and cheaper, plus it would be new

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    I guess it would depend on what your trying to achieve, new apartments have plenty of depreciation to claim

    Profile photo of Kipper57Kipper57
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    As an investment might be better to spread the risk?  or are you looking to buy and flip at some point?

    Profile photo of Kipper57Kipper57
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    Thanks for the warning yes has been tempting however if there is a double dip like many expecting, could well be stung

    Profile photo of Kipper57Kipper57
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    James QLD especially the G.C has a bit of a history of boom and bust, with the slowing Aust economy the GC maybe a bit risky.  From my understanding they tend to over supply and then everyone gets caught out.  Happened to a friend of mine about 10yrs ago before the property market boom.  Of course as it turned out if they had just sat tight they would have done well.  Not so sure the market is going to bounce any time soon here in Aus for some time as way over priiced in comparison to wages.

    Profile photo of Kipper57Kipper57
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    Cam Brown Kitchens have tiles ovens you name it very cheap and mostly from China but worth your time to check out

    http://www.cambrownauctions.com.au/camfast.html

    Profile photo of Kipper57Kipper57
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    I would think the U.S. still remains a little risky, I was thinking Brazil would not be a bad idea however not that familiar with their market

    The positives are, in the next few years they have the World Cup Soccer, and the Olympics year 2012 I think.  Their currency is quite weak now but has been much stronger than the Aust dollar in the past.

    On investment sites eg stocks there is a lot of talk re developing the infrastructure in Brazil, I believe they have their own resources unlike China having to bring it all in.  Just sounds worth a consideration in my view

    Profile photo of Kipper57Kipper57
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    Are you going over their Ian?  I guess you have researched the infrastructure etc

    Profile photo of Kipper57Kipper57
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    I am not licensed to give advice, thus this is not advice however putting it in an account with reasonable interest would be what I would do for the time being.  I see the property market as over cooked,  you will find this worth a read.  I would say by the end of this year you may see a clearer picture

    http://globaleconomicanalysis.blogspot.com/2010/02/pool-of-greater-housing-fools-in.html

    However remember it is worthy to do your homework not just take for granted what is said in these forums

    Profile photo of Kipper57Kipper57
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    I was reading this forum the other night and was quite inspired for a little bit however this discussion put a bit of a wet blanket on any of the ideas for a while

    http://www.cbsnews.com/video/watch/?id=4668112n&tag=contentMain;contentBody

    Profile photo of Kipper57Kipper57
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    Yes as Richard has said the loan structure is the key in making the savings with lenders mortgage insurance.

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    I do not think anyone would be game to give advise as to whether to fix or sit it out at the moment, as a broker we receive regular information, with so many conflicts on rates.  As mentioned above split loans may be an option; and considering your limits if rates do continue their upward spiral. 

    Profile photo of Kipper57Kipper57
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    Hi Robyna youve done well, without knowing your full income and expenditures it would be hard to know, you ceratainly have ample equity so that would be no drama.  Feel free to contact me through our web site for a full assessment or one of the other brokers on the site.

    Profile photo of Kipper57Kipper57
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    If the defaults were not of your own causing you may be able to have them removed there are a few Solicitor firms that specialise in this, however it does not come cheap

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    http://www.brisbane.qld.gov.au/BCC:BASE::pc=PC_1803

    other council sites and google searches for starters

    Profile photo of Kipper57Kipper57
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    Hi Bob a mortgage of $115k should be positively geared, in other words the rent comming in should be covering the mortgage.  Do you have the loan at interest only? sounds like you may need the loan restructured this would possible free up more money for the next

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    I do not like to be the carrier of bad news however a low doc at a 90-95% lend with two mortgage arrears since November and in business since January 07 is just going to be a no go.  The Mortgage Brokers that you have spoken to I am sure would want to help you however it would not be able to.  

    Profile photo of Kipper57Kipper57
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    Very risky if property values do not continue up your loan will increase and maybe worth more than the value of the property, this can be devastating if for some reason you need to sell e.g. loss of job / marriage breakdown / disability etc. 

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    The income is that 100k each or combined?

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