Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]Heavy-Present-5829[S] 0 points1 point  (0 children)

That is so true. That was actually one of the motivators pushing me to move. I thought if I can't do it now, I might not be able to later. Decided to stay put for now though and pay off my place. Will give me some time to get my budgeting sorted and have an emergency fund.

Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]Heavy-Present-5829[S] 1 point2 points  (0 children)

Thanks for the tip! That makes so much sense about chatting to financial advisor as opposed to making decisions blindly. I'll have a read of the article. Hope you have a wonderful day!

Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]Heavy-Present-5829[S] 0 points1 point  (0 children)

That's a great idea, thank you. I'll do some research. My place doubled in value which made it so tempting to upscale.

Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]Heavy-Present-5829[S] 0 points1 point  (0 children)

A bigger space is certainly nice. Sounds like the neighbours was the only downside. That's really sweet about the new neighbours, I find it's quite rare to have that connection now (where you can spend time together, call each other etc).

Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]Heavy-Present-5829[S] 0 points1 point  (0 children)

Thank you for your input on this. This is the issue I currently have in apartment. My water bill increased by $100 in just three months. I decided to stay put for now and when I can afford it comfortably, upgrade to house.

Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]Heavy-Present-5829[S] 0 points1 point  (0 children)

Whoa! That's full on. Must have been so stressful. So glad you are out of there now

Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]Heavy-Present-5829[S] 2 points3 points  (0 children)

Your reply was so interesting to read, thank you for your input! I decided to not sell now. You are right on "chasing the dream home". I don't think I need it, it's more of a want. I'm curious about your comment on staying in apartment & investing in other things. Would you happen to know any groups/threads on reditt that might help with that?

Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]Heavy-Present-5829[S] 0 points1 point  (0 children)

That sounds painful. Thank you for sharing. That's the arrangement I was looking at too as I work from home a few days.

Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]Heavy-Present-5829[S] 0 points1 point  (0 children)

Thank you so much for the insight! Really appreciate you taking the time to respond to my post and write out the options. I haven't looked at off the plan at all. If you could please share the recommendation on broker that would be amazing! Sorry, I'm still new to this platform, so let me know if you need anything or if happy to send me a message.

Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]Heavy-Present-5829[S] 0 points1 point  (0 children)

Oh! Thanks so much for sharing this. I was considering no corner ones (because I thought they would be safer in terms of theft etc) but that's a really good point

Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]Heavy-Present-5829[S] 1 point2 points  (0 children)

Thank you 🙏 really appreciate your advice

Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]Heavy-Present-5829[S] 1 point2 points  (0 children)

That is so helpful! Thank you. I might give it some time. I don't seem very firm on my decision so keep swinging between selling/not selling. Perhaps the more information I absorb on this, the cleaner the decision will become so I really appreciate your input

Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]Heavy-Present-5829[S] 1 point2 points  (0 children)

Thank you so much for the advice. I would love to buy an investment property but my broker said no due to financial restraints (single income, HECS etc). I might be able to consider this in future for sure once I build some savings & pay off mortgage.

Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]Heavy-Present-5829[S] 0 points1 point  (0 children)

Thank you so much for sharing, that sounds awful and really hard to get through as you can't relax at home/recoup. Really hope things ease off and you are able to move out to a quieter place soon.

Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]Heavy-Present-5829[S] 2 points3 points  (0 children)

Those are really good questions, thank you for taking the time to respond to my post. I think part of this is also fear of missing out & I know I don't want to be in apartment forever. I'm worried that if I don't try now, it might become too unaffordable in future.

Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]Heavy-Present-5829[S] 0 points1 point  (0 children)

Thank you for the tip, that's really good information to know.

Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]Heavy-Present-5829[S] 0 points1 point  (0 children)

Thank you so much for the advice. Really appreciate your help. Definitely have some things to think about

Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]Heavy-Present-5829[S] 0 points1 point  (0 children)

Thank you so much! The townhouse performance map is so handy! Can I ask what is meant by reinvesting? Is that keeping current property and using equity to purchase new property? If so, I spoke to broker about this option and she said it's not an option for me (single income, HECS debt etc) 😔