[newpupMember@newpupJoin Date: 2009Post Count: 7]

February 4, 2009 - 12:44 am

That sure sounds costly and there is some risk, but the only other way i can think of is to just sell the house and start over. I might go see a adviser and see if i can get another option. Thanks for all the replys, it has been a great help.
Cheers, Peter

[newpupMember@newpupJoin Date: 2009Post Count: 7]

February 3, 2009 - 1:44 pm

thanks for the reply terry, I not sure how it will affect their pension, if all goes to plan they are hoping to work for another 15-20yrs if that is a problem, I was thinking they could always sell 6yrs or so before they wish to retire or transfer them back.
How much are the fees if I transfer the house?(valued at $250k)

[newpupMember@newpupJoin Date: 2009Post Count: 7]

February 3, 2009 - 4:35 am

Thanks for you reply scott, i know what you are saying, i really don't want to get a loan more than my assets, that way if the worse was to happen i could still have it covered. I really don't want to build as it's hard for me to get around to supervise and it's a huge hassle, but it's hard to get it out of my head when i see land so cheap and houses so expensive, but i know that can be a bad sign for the town's growth as well. The town i'm looking at has a population over 100'000 so hopefully the building cost shouldn't be too high, but buying a already built house is much safer. I keep going back and forwards, so i'll have to look in it more, if anyone else would like to put in their 2cents i would welcome it

Thanks Again,
Peter

[newpupMember@newpupJoin Date: 2009Post Count: 7]

February 3, 2009 - 3:55 am

Hi Richard thanks for your reply,
Basically i own my own property, and have money just sitting in my bank, but i can't work any more due to a accident so i live on a pension. I am ok now with finances but as i am only in my early 20's i know in 5-10yrs i may need stronger assets to fall back on, and i feel that real estate is the best long term option.
I don't want anyone to take control and as you point out take my money, or say "invest in this property', or 'i hope your blindfold isn't too tight', i am pretty untrusting when it to advisers. I may not be good at the property market, but i am good at research, and i research everything to death before i make a decision. I am looking at someone who can point me in the right direction and give me a list of places i should be looking, so i can go away do my research and look at every angle and make my own decision. Then once i am happy have them look over it and tell if is a good move or i shouldn't do it because of this reason.
It's hard to find someone who isn't just out for themselves and a quick buck, i have looked at heaps of websites on choosing a adviser but i haven't come any closer on picking one.
If anyone knows any good advisers who would be good for my situation in CQ could you give the heads up,
Cheers,
Peter