hope73 Posted October 10, 2016 Share Posted October 10, 2016 In the current economic climate, what does everyone think is best? Quote Link to comment Share on other sites More sharing options...
newjez Posted October 10, 2016 Share Posted October 10, 2016 In the current economic climate, what does everyone think is best? What's your time frame? Quote Link to comment Share on other sites More sharing options...
hope73 Posted October 10, 2016 Author Share Posted October 10, 2016 What's your time frame? We are hoping to be there by Feb/March. Quote Link to comment Share on other sites More sharing options...
Lisababy Posted October 10, 2016 Share Posted October 10, 2016 We are hoping to be there by Feb/March. It depends on your circumstances and finances but after alot if consideration we sold up as we didn't want the stress of renting out from so far away. Quote Link to comment Share on other sites More sharing options...
Marisawright Posted October 10, 2016 Share Posted October 10, 2016 It depends on so many factors. Firstly, what visa are you on? If it's a 457 or other temporary visa, then you'd be mad to buy a house in Australia (it's difficult on a temp visa and the costs are so high it will be cheaper to rent). So you might as well leave your money in your home. Secondly, what are your plans? If you're just planning to have an adventure and see how it goes, then hang on to the house in case you want to come home when you've had enough adventure! On the other hand, if you're really determined that you're moving to Australia for the rest of your life, there wouldn't be much point in doing that. Thirdly, where are you moving to? If you're coming to an expensive city like Sydney, then the likelihood is you won't be able to afford to buy a house for years anyway, even if you sell up your UK home. So it would make more sense to hang on to your UK home as an investment. However if you're going to a more affordable city where you could buy a home in a nice area, then you will need to sell up to have the capital for a purchase. You will get people saying you should sell up because renting is so much hassle and tenants are so awful. I've never had that problem: an awful lot depends on finding a good reliable agent. Insist on reviewing all prospective tenants yourself and getting references. And make sure you're insured! Quote Link to comment Share on other sites More sharing options...
newjez Posted October 11, 2016 Share Posted October 11, 2016 We are hoping to be there by Feb/March. Sorry, meant when will you need the money? Brexit will take about three years plus, so unlikely any improvement in the pound over that time. Quote Link to comment Share on other sites More sharing options...
VERYSTORMY Posted October 11, 2016 Share Posted October 11, 2016 I would say if you can afford it then rent it as it maintains a safety net should you come back. About a third end up moving back - I am one, and life would have been a lot easier if we still had a house here. Quote Link to comment Share on other sites More sharing options...
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