HI Tula
I see you are like me - itching to do something but not knowing which direction to go.
One day we will get around to setting up a SMSF but at this point in time we have already purchased three properties outside of super. The heavens haven't opened and the sun still rises. You don't have to do everything right the first time, I think that is often too much to ask.
We have made mistakes with each place we bought, but that is the learning phase anyway. We bought two places in Brissie at the start of the rising market in 2010 and bang they dropped at least 20% following the January2011floods. No-one could have predicted that. They have now come back to the price we paid for them, and the heavens still haven't fallen in.
As for travelling interstate, your hubby will get holidays over the course of the year and he can bond with his kids. You wont be taking young children on expensive long haul holidays at their current age, so you can use the time wisely but he has to be totally responsible for the children while you go hunting. I'll go with you maybe!
Here is another anecdote for you about lowset villas.
In 2011 we spent twelve months trying to purchase a villa for my elderly mother. This was at the worst of the recession and we could hardly give her big house away. (It was butt ugly) in what was a fashionable suburb at other times but no-one was interested that year. We concentrated on the northern suburbs she is very familiar with, and as I said it took twelve months to secure a lowset house or villa because they were being sold the moment they hit the market. We looked mostly at Keperra, Everton Park and Aspley and everywhere else near them and finally got one at EP. Retiring Baby Boomers may not mind steps now, but in future years they will all be wanting lowset. Builders build two-story as they can fit more onto a piece of land, but one day they wont be as popular as they are now.
The moral of my story is that I cant afford a house on a subdividable block of land in the BCC area, but I can afford an attractive townhouse or a villa. It's not such a bad thing.
Cheers
I see you are like me - itching to do something but not knowing which direction to go.
One day we will get around to setting up a SMSF but at this point in time we have already purchased three properties outside of super. The heavens haven't opened and the sun still rises. You don't have to do everything right the first time, I think that is often too much to ask.
We have made mistakes with each place we bought, but that is the learning phase anyway. We bought two places in Brissie at the start of the rising market in 2010 and bang they dropped at least 20% following the January2011floods. No-one could have predicted that. They have now come back to the price we paid for them, and the heavens still haven't fallen in.
As for travelling interstate, your hubby will get holidays over the course of the year and he can bond with his kids. You wont be taking young children on expensive long haul holidays at their current age, so you can use the time wisely but he has to be totally responsible for the children while you go hunting. I'll go with you maybe!
Here is another anecdote for you about lowset villas.
In 2011 we spent twelve months trying to purchase a villa for my elderly mother. This was at the worst of the recession and we could hardly give her big house away. (It was butt ugly) in what was a fashionable suburb at other times but no-one was interested that year. We concentrated on the northern suburbs she is very familiar with, and as I said it took twelve months to secure a lowset house or villa because they were being sold the moment they hit the market. We looked mostly at Keperra, Everton Park and Aspley and everywhere else near them and finally got one at EP. Retiring Baby Boomers may not mind steps now, but in future years they will all be wanting lowset. Builders build two-story as they can fit more onto a piece of land, but one day they wont be as popular as they are now.
The moral of my story is that I cant afford a house on a subdividable block of land in the BCC area, but I can afford an attractive townhouse or a villa. It's not such a bad thing.
Cheers