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

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

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.

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

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

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

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.

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

other council sites and google searches for starters

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.  

The income is that 100k each or combined?