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First, I said it was my mistake I did not read carefully. Second, can you please tell the address of that property. Thanks.

Kenneth, You misunderstood my message. I tried to talk about the asset protection which has been said in a lot of books. It was my mistake on Ausporp's post. He sold his property. I thought he did not.

It was you who said you could not sell at $499k. I was advising a way out because you could not get out. Everyone know what you talk about $350. You bought the land at cheap price. I said bank valuation was purely based on land + construction. When you finish, they would use the land pirce at...

Alexlee, 1. Firstly, I do not believe those BANK vlauations as per said in this thread. Banks are not stupid! For a new house, bank's valuation is LAND + Construction Cost. They will not give you extra 10-20% profit into it. 2. I do not know it is moral or immoral. Trust and Pty Ltd are...

Well, you could have used Company as an borrowing entity. You could have your trust on it. You could have your wife as the full ownership on your assets.

Ausprop, You said your property was BANK valued $600k. I guess you must have refinanced, otherwise, you would not have wasted money to do so. If you borrowed at 90% - You could have $540k in your pocket (of course loan as well). As you said you could not sell at $499k (maybe $480K). Why do not...

I suggest you talk to a legal person. There is a government agency which give 20minute consultation for $20. I still think you could get your money back.

Sparky 1. Donot get personal 2. Most of people here are investors and they know how to work out numbers 3. If you really want to sell, ask your agent to organize an auction. You will get it offloaded.

Why do you need give up the deposit? IF your offer is subject to finance, simply ask the bank give a No approval. If you signed as cash offer, they can NOT only have the $2000, the can also sue you for the difference between sale prices and your offer.

Sparky Not being negative! Just believe you are overstating your properties. That is why they are still sitting there. I was trying to help you to sell. I do not think anyone here would buy your properties.

I believe the Yanchep one is asking too much. 467m2 block + a house -- because it is very small block and the house will not be big. How can you ask for $489? you said it was valued $500K> I belive it was only your own "valuation". No banks would come up this figure. If you want to sell...