Still flirting with the idea of upgrading my PPOR in the current market.
I own a potential development site, and am interested in a more central townhouse. Wage is increasing quite dramatically currently and in the foreseeable future, as I am young but with a lot of experience and such. Not counting my chickens as such, but the outlook is good.
That said, to do it I need to sell my current place which I really feel is a good investment long term. 700m2 prorposed R40, perfectly situated to retain original house which is renovated, 15km from CBD and about $150k in equity. However, I see value in a lot of suburbs closer in around the $700k mark..
In a few years I will start my own high end building company, so would prefer minimal if not 0 debt when this happens so I don't have too many financial commitments to meet at the start when cashflow may be tight...
I own a potential development site, and am interested in a more central townhouse. Wage is increasing quite dramatically currently and in the foreseeable future, as I am young but with a lot of experience and such. Not counting my chickens as such, but the outlook is good.
That said, to do it I need to sell my current place which I really feel is a good investment long term. 700m2 prorposed R40, perfectly situated to retain original house which is renovated, 15km from CBD and about $150k in equity. However, I see value in a lot of suburbs closer in around the $700k mark..
In a few years I will start my own high end building company, so would prefer minimal if not 0 debt when this happens so I don't have too many financial commitments to meet at the start when cashflow may be tight...