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Thanks Derek,I guess Im looking at long term gain,I currently work only part time since having children but could increase to full time if needed and am lucky we are both in government jobs so the risk of unemployment is low. Im not looking at owning multiple properties ATM but would like to maybe once the kids are older and our bigger PPOR is paid off more. I would say we live a manageable lifestyle ATM and if we had to tighten the purse strings to afford the next property we could until our income increases.
Hi thanks for the reply, Ideally I like to keep our PPOR as a rental long term rather then sell it, We would be looking to purchase a new House of around $380-400K if possible as my husbands income will increase in another 2 years and our combined income will be over 100k which would allow us to comfortably afford both properties.Im also unsure if we should wait the 2 years and make do with our tiny house or buy another while the market is low.
