The housing shuffle

Ferret619

Foolish Possums are not Grand Poobahs
2018 Sabbatical
2019 Charity Auction Winner
2020 Charity Auction Winner
Joined
May 10, 2017
Location
Canberra
I have been working on cleaning the old house for sale and have now engaged my agent to sell the I’ll place and he’s come back with a price substantially higher than I thought we would get, we will see if he’s right on the money.
 

Ferret619

Foolish Possums are not Grand Poobahs
2018 Sabbatical
2019 Charity Auction Winner
2020 Charity Auction Winner
Joined
May 10, 2017
Location
Canberra
So we have been working tirelessly (and spent more than I’d like to admit, think 2 Rolex GMTs) on fixing up the old digs and we are due to have the contracts signed tomorrow by the buyers.
 

Mark1966

Canberra dwelling Happy Clapping Bean Counter
Staff member
Site Moderator
Grand Society
2016 Sabbatical Fail
2018 Charity Auction Winner
2019 Charity Auction Winner
2020 Charity Auction Winner
Joined
Apr 26, 2011
Location
Canberra
I have been working on cleaning the old house for sale and have now engaged my agent to sell the I’ll place and he’s come back with a price substantially higher than I thought we would get, we will see if he’s right on the money.
So we have been working tirelessly (and spent more than I’d like to admit, think 2 Rolex GMTs) on fixing up the old digs and we are due to have the contracts signed tomorrow by the buyers.
Hope the agent was on the money with the price!
 

glenos

Member
2018 Sabbatical
2015 Sabbatical
Joined
Apr 28, 2012
Location
Hobart, TAS
Congrats. Does this mean you are mortgage free?

When you said earlier you hoped to be soon I started a little race inside my head looks like you won. We have about $10k to go which is pretty good seeing as we first bought 12 years ago with four kids and a single income. Since upgraded to 5ha and a new house.
 

Ferret619

Foolish Possums are not Grand Poobahs
2018 Sabbatical
2019 Charity Auction Winner
2020 Charity Auction Winner
Joined
May 10, 2017
Location
Canberra
Congrats. Does this mean you are mortgage free?

When you said earlier you hoped to be soon I started a little race inside my head looks like you won. We have about $10k to go which is pretty good seeing as we first bought 12 years ago with four kids and a single income. Since upgraded to 5ha and a new house.
@glenos That’s terrific- not many folk prioritise paying down the mortgage- I can see the argument for investing over paying down the mortgage given the current interest rates however...

It does reduce the threshold to getting that F.U money when the household outgoings have no housing payments..

Kind of a philosophy post for another forum really.

my wife and I started ours ten years ago to the month, we started as 21 year old kids and now we are parents to a wonderful son and have another due December- makes it all worthwhile really.
 

Gargravarr

Our resident snake charmer
Joined
Jun 13, 2020
Location
Tasmania
@glenos
Kind of a philosophy post for another forum really.

my wife and I started ours ten years ago to the month, we started as 21 year old kids and now we are parents to a wonderful son and have another due December- makes it all worthwhile really.
Fantastic. Congratulations. (y)

We had a sort of boom/bust household economy for about 20 years, but with a few strokes of good luck and (dare I say) good judgement, we've been mortgage free for 9 years. Well worth all the times when it was a struggle. I would NOT want to enter retirement without owning the roof over my head.

BTW, thanks for reminding me that we're not all ageing dotards on this forum :p
 
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