Brisbane Boom

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From: Nic Hutty


I'd like to let everyone know how happy I am that Brisbane is finally in the IP game! We have a house in Holland Park which we have had for 5 years and it has now risen appox. 60-80000 in value! I'm stoked I did not sell it last year while it was still only worth 20-40000 more.
I have this house secured to my home loan, would you refinance to get interest only to free up cashflow for the future? Our Melbourne price has risen the same amount in one year too. Or would the cost involved in changing loans be too expensive and would we need to refinance both loans?
Any info greatly appreciated and lets keep celebrating our success all those in Brisbane!
 
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From: Brett Burt


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The mortgage insurers don't agree, GE Mortgage Insurers (the biggest I =think in the world) think Brisbane is a no go area. These are the guys =who decide how LVR you can get.

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The mortgage insurers don't agree, GE Mortgage =Insurers (the
biggest I think in the world) think Brisbane is a no go area. These are =the guys
who decide how LVR you can get.

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