Guest Guest26110 Posted January 1, 2013 Share Posted January 1, 2013 Hi, what would you do? Would you sell your house in the UK and then come out to Oz or keep the house (just in case things didnt work out in Oz) With the exchange rate the way it is, im thinking keep the house. The house wouldnt be left empty two of my eldest children are un-decided whether they want to come and Im happy for them to use it. Hope everyone on the forum has a fantastic new year :biggrin: Link to comment Share on other sites More sharing options...
Rupert Posted January 1, 2013 Share Posted January 1, 2013 Rented it out. Initially it was a bit of a safety net, but also it was due to the exchange rate and the housing market. Link to comment Share on other sites More sharing options...
PomPrincesses Posted January 1, 2013 Share Posted January 1, 2013 We've rented ours out, I cannot imagine being comfortable with the levels of debt many seem to take on to buy a house in Perth. 3 times our joint income would be the absolute tops for me and given that would buy you a 3 bed house in the middle of crimesville with a 60 min commute, no thank you. Link to comment Share on other sites More sharing options...
newjez Posted January 1, 2013 Share Posted January 1, 2013 We rented ours out, and it meant that it was very easy to return to the UK. Personally - things would have been much better if we had sold and bought in Oz. The exchange rate was three to the pound at the time, and houses in Oz were cheap. But technically it was her house, so I didn't have an awful lot of choice. As it was, we sold it when we returned to the uk anyway. Link to comment Share on other sites More sharing options...
Wellers and Whitehead Posted January 1, 2013 Share Posted January 1, 2013 If I had a house to sell I probably wouldn't just in case it didn't work out...but things to ask yourself I imagine would be: Have you visited or spent alot of time in Oz before to know what your expecting? What visa are you on? Temp or perm What would you be able to afford if you sold your house? Would it be financially beneficially? Some people don't sell properties and may not settle aswell knowing then can go back, but on the flip side if its not what you want/don't like it etc you always have a home to go back too! :-) Link to comment Share on other sites More sharing options...
Guest Posted January 1, 2013 Share Posted January 1, 2013 I'm more of an all in and done with it kind of person. Everyone is different. There is no right or wrong. Even if you put your house on the market you may struggle to sell. Depending on the ages of your children who would be staying, if they are working and earning a decent wage I'd be looking to charging them some rent as you (probably) have a mortgage to cover and they should expect to pick up the utility bills and so on. Unless you are doing well on the old finances dept (or are mortgage free) I am not sure it would be affordable to cover rent or mortgage in Aus and UK. Out of interest, do your older children already have a visa to migrate to Aus? Just wondering in case they wish to move over once you have gone, it may not be possible or easy if they don't already have a visa. Link to comment Share on other sites More sharing options...
VERYSTORMY Posted January 1, 2013 Share Posted January 1, 2013 Ask yourself would you bet everything on a 3:1. Around one third of Brits that move to Oz leave. Ultimately it depends on what you can afford. If you can afford to do it without selling then why would you. Worst case is that you sell it later. Personally, I don't see the exchange rate getting worse Link to comment Share on other sites More sharing options...
caronandrod Posted January 1, 2013 Share Posted January 1, 2013 We decided to sell in the UK. As we were both in our mid forties we decided that if we kept the house in the UK then it would be easy to give up and move back at the first signs of feeling homesick or unsettled.We knew we wanted to make the break and it was never going to be a yoyo thing. Link to comment Share on other sites More sharing options...
kangaroo.bruce Posted January 1, 2013 Share Posted January 1, 2013 Personally I'd sell, to easy to give up and go back if you've still got ya house in the uk, look at most who do go back and i think you'll find they kept theirs, life here isn't an holiday just cause it's warm you still have to work and lead a normal life just like in the uk, but worth it in the end,i reckon the first q2 months is the hardest but after that you won't think of going back again once you're used to it here, it's def better than the uk....for us anyway Link to comment Share on other sites More sharing options...
Rupert Posted January 1, 2013 Share Posted January 1, 2013 Personally I'd sell, to easy to give up and go back if you've still got ya house in the uk, look at most who do go back and i think you'll find they kept theirs It's not an endurance test though is it? If it doesn't work out then nothing wrong with going back, could be great to have the option. Link to comment Share on other sites More sharing options...
kangaroo.bruce Posted January 1, 2013 Share Posted January 1, 2013 It's not an endurance test though is it? If it doesn't work out then nothing wrong with going back, could be great to have the option. Well some people will give up to easily when they come across hurdles,I just think you've got more chance of making a go of it if you've got no ties left in the UK. Link to comment Share on other sites More sharing options...
Rupert Posted January 1, 2013 Share Posted January 1, 2013 Well some people will give up to easily when they come across hurdles,I just think you've got more chance of making a go of it if you've got no ties left in the UK. Yes I know what you are getting at and I think there is truth in that, but there is just this other side to it too. On balance, I quite like having my options open. :biggrin: Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted January 1, 2013 Share Posted January 1, 2013 Phew what a tough one, I think keeping your house makes it easier to go back, this could be both good and bad. If you are going to lose money selling or can't sell then I'd say rent it out. Link to comment Share on other sites More sharing options...
kangaroo.bruce Posted January 1, 2013 Share Posted January 1, 2013 The other flip of the coin too is if you keep the house in the UK can you afford to buy in oz, otherwise all the time you're renting the land prices are going up, got my family into our own house within 7 weeks of being here, wouldn't of been able to do that if I'd kept the UK house Link to comment Share on other sites More sharing options...
VERYSTORMY Posted January 3, 2013 Share Posted January 3, 2013 Totally disagree with Bruce. There are members on here and other forums that have done as suggested, now in a market with falling house prices in Perth and other major cities are stuck and very unhappy they can not afford to leave. Link to comment Share on other sites More sharing options...
Lou8670 Posted January 3, 2013 Share Posted January 3, 2013 We're looking at selling as we can use the equity to buy in Oz. It will mean we can live mortgage free and is one of the many reasons we are looking at the move. Although the rate is off putting you could have a long wait for if/ when it moves in your favour and then there would be taxes to pay if you rent it out/ sell later. But whatever you decide has to be right for you. Link to comment Share on other sites More sharing options...
Mongrel Posted January 3, 2013 Share Posted January 3, 2013 We're looking at selling as we can use the equity to buy in Oz. It will mean we can live mortgage free and is one of the many reasons we are looking at the move. Although the rate is off putting you could have a long wait for if/ when it moves in your favour and then there would be taxes to pay if you rent it out/ sell later. But whatever you decide has to be right for you. Obviously not coming to WA Link to comment Share on other sites More sharing options...
Lou8670 Posted January 3, 2013 Share Posted January 3, 2013 Obviously not coming to WA Actually we are and we're fully aware of the house prices there. Link to comment Share on other sites More sharing options...
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