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  • Profile photo of mpave1mpave1
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    @mpave1
    Join Date: 2010
    Post Count: 6
    May 11, 2010 - 9:22 am

     hi qlds007 thought it might have been a little ambitious well i guess i can always subdivide and pay debts and pay some on home loan .can you tell me the councel says i can subd cut the property in half its 1240 when ive done that because our house is closer to the front with a big back yard can i then sell my back yard cause the councel said subd and build on the back i would have thought to the side as thats where the other half is what you think
    cheers maws

    Profile photo of mpave1mpave1
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    @mpave1
    Join Date: 2010
    Post Count: 6
    May 11, 2010 - 4:50 am

    hi guys talking about buying a house when you have a debt against you .we bought our house through west pac with asmall telephone debt which was payed out the phone company gave us a letter saying is was void but the system says we cant remove it from file any way the bank gave us a loan knowing we had it not only did they give us that home loan but an investment loan too since then we sold a property we asked the same bank to refinance the new house we bought they said no we have a bad debt against us how do you figure we are now with a much higher home loan which is over the 9% intrest rate we want to refinance im looking at the moment any ideas
    cheers maws

    Profile photo of mpave1mpave1
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    @mpave1
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    Post Count: 6
    May 11, 2010 - 4:26 am

    hi well that im thinking maybe 4 or 5 town two storey town houses ,after i pull down exsisting house ,down the street there are twenty two, two storey town houses on one block. im in the middle of finding a surveyor to give me an idea of my choices or do i get some one else builder ect the councel says use a surveyor
    the house we are in is the one im talking about we have a mortgage on it with some equity if i dont pull it down can i build more than one unit on it and not subdevide it ,all on one title like building in my back  yard confusing i know sorry
    cheers maws

    Profile photo of mpave1mpave1
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    @mpave1
    Join Date: 2010
    Post Count: 6
    May 11, 2010 - 1:07 am

    thanks but what does strata title mean .and do you know how these projects are financed as i said we have our own home which is the one we are talking about pulling down and our investment property the idea of building units appeals to me
    cheers maws

    Profile photo of mpave1mpave1
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    @mpave1
    Join Date: 2010
    Post Count: 6
    May 10, 2010 - 11:23 pm

    hi guys thanks for you helpful tips
    i live in melb the basin we already have two drive ways there are 20 two storey town houses down the street
    hi patrick when you say devalopment do you mean build town house on without subdividing going by the town houses around us i think we could fit at least four im not sure about the finance though we have an investment property as well
    thanks guys

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