The bulls/bears on the property forum must enjoy cryptic crosswords.
They're not much help it seems.
Poyndexter..
You say
1) Stay put and save.
I assume you currently live in an owner occupied house and not a rental? You weren't clear... (If it is a rental I think the choice is obvious, but that is my choice, not yours..)
I am in the same quandry.. Have been in my house for 6 years now, built from new.
I use to own 2 properties and a block of land, now only have my principal place of residence.
I love the house but have had enough of it (bored with it) and want to move. Maybe build again.
Don't know what suburb I want to move to though...
I eventually want to live in an apartment but the kids are still at home so not an option for a few years.. Might try renting for a bit to see if that is what I want before buying...
However I wouldn't mind taking on an investment premises again... But I think my finances couldn't cope.
I'm not real interested in upgrading house or location, my current house has everything I need and I don't care how far from the coast I live.
So what is my answer for you???
1. Stay put and save. If your happy with the place you are in currently, then get some more money under your belt so you are not a slave to the banks.
2. Stay put and take on a rental property. If I could afford it, I probably would.
3. Relocate with a residential upgrade.. If your current place is crap, good choice, but at what cost to you and your family? If it is livable, spend a few dollars to liven it up a bit and consider 1 & 2.
Your life, your choice. Whatever you do, no regrets...
