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Short version: I'm going to sell the unit, get it off my hands, buy a house (hopefully with B1, but that depends) with a mortgage, and work things out.
I've decided I'm going to call a conveyancer, arrange for a contract of sale, and inform the real estate managers to give my tenants due notice and sell the property.
Renovations will most likely be a coat of paint and maybe some veneer flooring, but nothing else. I want it sold, and I'm not in a position where I need to haggle over price. I have a big project happening for the next six months, I don't have the spoons to deal with personal/housing stuff, and the market has been crazy high this year and I want the property off my hands. I'm not in dire need of an extra 10-20K - not at the cost of my sanity.
So the unit is going to be sold, with the bare minimum for saleability.
--
That's the unit.
It seems that the actual sale of the house (B1, B2, and I are living in) will be another 6 months - the broker has paid out another 6 months on the option, but now's a good time to start looking (while the market is high, hopefully heading for a low).
That's fine, it gives us time. Although we might also have to effect some running repairs - things are seriously falling down around our ears right now.
If I'm with B1 and we pool our resources (and possibly B2's resources, although hers would be 'dead' money in the property: CPI and probably very little more) then I'd look at a house - at least 2 bedroom, preferably 3. With a yard that faces north/north-east, and which is reasonably flat. The regions I'd be looking at will probably be north and west of where I live, because south and east gets more and more expensive until one passes the city and is in the flight path beneath Sydney Airport. Which, yes, we could do. But we'd rather not.
If I'm going solo, then I'll probably look for either a house or a unit due west of the city. It's not my first option, but I would like somewhere I can have a garden and with enough space for the cats to run.
There'll be a mortgage, because I can't really afford a property outright. And the truth is I'm not too worried about my job situation right now; I have saleable skills one way or the other, but the travel time will almost inevitably end up being a pain. Sydney is getting more traffic-y and worse, with "peakhour" being closer to "peakthreehours" and the public transport options are getting increasingly worse.
But, yeah, first things first.
1. Call the conveyancing agents and get a contract of sale. Get it to the agents and tell them to sell the property for the best price they think they can get as is.
2. Start looking at properties. We have at least 3 months, possibly more. I'd like to see if the market is going to slow down (it might now) and if so, then I'm happy to wait for a while.
3. Write that damn novel. One of them. Any of them. Finish something that isn't fanfic.
I've decided I'm going to call a conveyancer, arrange for a contract of sale, and inform the real estate managers to give my tenants due notice and sell the property.
Renovations will most likely be a coat of paint and maybe some veneer flooring, but nothing else. I want it sold, and I'm not in a position where I need to haggle over price. I have a big project happening for the next six months, I don't have the spoons to deal with personal/housing stuff, and the market has been crazy high this year and I want the property off my hands. I'm not in dire need of an extra 10-20K - not at the cost of my sanity.
So the unit is going to be sold, with the bare minimum for saleability.
--
That's the unit.
It seems that the actual sale of the house (B1, B2, and I are living in) will be another 6 months - the broker has paid out another 6 months on the option, but now's a good time to start looking (while the market is high, hopefully heading for a low).
That's fine, it gives us time. Although we might also have to effect some running repairs - things are seriously falling down around our ears right now.
If I'm with B1 and we pool our resources (and possibly B2's resources, although hers would be 'dead' money in the property: CPI and probably very little more) then I'd look at a house - at least 2 bedroom, preferably 3. With a yard that faces north/north-east, and which is reasonably flat. The regions I'd be looking at will probably be north and west of where I live, because south and east gets more and more expensive until one passes the city and is in the flight path beneath Sydney Airport. Which, yes, we could do. But we'd rather not.
If I'm going solo, then I'll probably look for either a house or a unit due west of the city. It's not my first option, but I would like somewhere I can have a garden and with enough space for the cats to run.
There'll be a mortgage, because I can't really afford a property outright. And the truth is I'm not too worried about my job situation right now; I have saleable skills one way or the other, but the travel time will almost inevitably end up being a pain. Sydney is getting more traffic-y and worse, with "peakhour" being closer to "peakthreehours" and the public transport options are getting increasingly worse.
But, yeah, first things first.
1. Call the conveyancing agents and get a contract of sale. Get it to the agents and tell them to sell the property for the best price they think they can get as is.
2. Start looking at properties. We have at least 3 months, possibly more. I'd like to see if the market is going to slow down (it might now) and if so, then I'm happy to wait for a while.
3. Write that damn novel. One of them. Any of them. Finish something that isn't fanfic.
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