hi thanks for all your inputs. This property is on a good area only 9k from Melbourne city and we plan to keep it for 2 years (already have the tenant there and happy to stay) and pull down to build a new house. The block next door sold for $339,000 last December and medium price for the houses sold in the same street 3 years ago is $250,000.…[Read more]

yes you right OSienna, after a quick calculation i found out the overall profit left is about $7000, so i guess it is no point doing it.

thanks crj. We’ve tried to offer under the quoted price however we only got it for the lowest price on the quote.[exhappy]

I’m very interested in knowing if anyone here have done the same deal (directional transfer) and anything involved in transferring the title.

want2brich

Thanks Derek[biggrin]your advice is much appreciated. But can you explain to me if we stay in the same house and refinance to get the line of credit/equity loan against our existing house, will we be in the better position considering our current place is much bigger and in the better location? cheers

good question! I’ve been wondering about this for a long time[]