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Although the truth hurts, I think you are right. Also with extending ourselves for the dream home there is a risk we wont be actually able to enjoy life as we will be financially stretched and horses come with very expensive vet bills which will add to the stress:(

Thank you for the suggestions which are all good, just don't want the kids to have to change schools hence the reason for focusing around Kangaroo Ground.

I think you are right. My biggest problem is that I want my cake and I want to eat it - ie I want my dream home and I want investment properties, but I have to choose :(

Our loan will be close to 80% of a $1.2M value property because 25% of the loan is a business loan that is secured against the house. The repayments are made by the business so it doesn't come out of our earnings but is still our risk.:confused::eek: My head is saying diversify move 15 mins...

Just checked out Nar Nar Goon and Garfield on the map as I didn't even know they were in Victoria. I imagine they would be heaps cheaper but just too far out for us. I mainly work from home but sometimes commute into the city for meetings and want to be within a 1 hour commute to the city. Plus...

Rental properties of this type are rare but still come up but the rent will be $1200 to 1500 per week, so aside from the "try before you buy benefits" there aren't any cost savings. We are certain this is the lifestyle we want so would rather just start that next chapter in our lives just...

I like that quote and I agree but was looking for other opinions incase I was being short sighted.

In 10 years we are hoping to be living in our dream home and not feeling like we have compromised on location or anything else. We would also like to have some investment properties. I love the idea of getting into investment properties now but if we buy our dream home now, it would be quite a...

Hi, this is my first ever post on somersoft and I am hoping to get some thoughts on what you would do if you were in my shoes. We have sold our family home and are renting while we look for a new property in the Kangaroo Ground area in Victoria. We are moving from a suburban family home to a...