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 15 to 20 acre property to fulfil our dream of having a country lifestyle with horses etc. A decent property in Kangaroo Ground will cost us approx $1.2M to $1.4M, the area has a good reputation and we believe has good capital growth potential. We are struggling to find a decent property and are now contemplating other options.
One of the options is to buy a property 10-15 minutes further out from Kangaroo Ground, save $400-500K and invest that money on a beach house or other investment property.
We are torn as we love Kangaroo Ground, but aside from not finding the right property yet (we have only been looking for about 6 months) we keep seeing other properties just outside Kangaroo Ground for a lot less money.
So if you were in our shoes, would you hold out to get the perfect property in the perfect area (for your primary residence) or would you compromise on location, but save money and diversify by investing the savings elsewhere?
Look forward to your thoughts. And if anyone thinks we are crazy to be getting into horses, we know you are 100% right, but we are going to do it anyway as we just love them.
Cheers
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 15 to 20 acre property to fulfil our dream of having a country lifestyle with horses etc. A decent property in Kangaroo Ground will cost us approx $1.2M to $1.4M, the area has a good reputation and we believe has good capital growth potential. We are struggling to find a decent property and are now contemplating other options.
One of the options is to buy a property 10-15 minutes further out from Kangaroo Ground, save $400-500K and invest that money on a beach house or other investment property.
We are torn as we love Kangaroo Ground, but aside from not finding the right property yet (we have only been looking for about 6 months) we keep seeing other properties just outside Kangaroo Ground for a lot less money.
So if you were in our shoes, would you hold out to get the perfect property in the perfect area (for your primary residence) or would you compromise on location, but save money and diversify by investing the savings elsewhere?
Look forward to your thoughts. And if anyone thinks we are crazy to be getting into horses, we know you are 100% right, but we are going to do it anyway as we just love them.
Cheers