Hi Richard

the property is in Victoria – Torquay – 1 hour from Melb CBD – a beach side town

mate i can produce a independent property valuation done 7 months ago and is conservative because was done for a second mortgage and they always come in conservative.

this deal would need to pitched so to speak at a private investor

Regards

Scott

Hi Terry

thanks for reply

the borrowed funds were to buy the house – has been owner occupied for over 3 years now

the question on long term prospects. well Torquay in Victoria is a beach side town. the town is growing rapidly but so is the land being opened up for new housing estates. the house is 10 min maximum to beach and overlooks the Sands Golf course. So are there any guides I can draw upon to determine growth potential?

And also would any lenders refinance house given technically I am unemployed?

thanks for your time so far

Scott