Forum Replies Created
- mackayite wrote:
Sounds like you are the one carrying the bundle. I don't want ot offend anyone but it seems that there are too many homes and too few living in them. What about if your husband moves into a 1 bedroom unit or a share accommodation unit so that the house he is in can be rented out. I know this might alter your stamp duty concession but could be the cheaper alternative. You didnt mention how much that house would rent for (I think you were referring to yours) or what area it is in. Your combined loan repayments are already nearly 3/4 of your income and interest rates are about to increase again. I would think twice about accessing any more of your equity funds and maybe sell the shares. Hope this helps.
Jennifer
My husband was renting, but because of the increase in house prices in Cairns we decided to buy while we could still afford it at the time instead of waiting until I moved there. We did contemplate renting out the house however it would have cost us around $10 000 in stamp duty which would have been more than the allowance my husband was being paid by his employer. When waying up the options it was better to have it as a principal place of residence. Our other house is in Townsville where prices are on the up and up for anything decent. It has only been through my sister reneging on my daughter boarding with her due to her moving in with her boyfriend into a small house has prompted some decision making about our predicament.
