Sunday, August 19, 2012

Moving On

Now as much as we love living in Northcote we are over half way through our current rental agreement and so we will have to decide what to do next.  It seems like a good time to start considering whether we are ready to initiate "Plan 2" -  Buy a house.  In order to get a more realistic idea of what we can afford (if anything), we are planning to meet with our financial advisor this week.

We have already made a start by narrowing down a list of which suburbs we would be willing to live in.  The first deciding factor is public transport, unless we want to buy a second car we need to live somewhere on the South Morang train line (for my work) or Tram line 86 (for Barnadi's work).  It will be unlikely that we will be able to afford to stay in Northcote and even Thornbury and Preston are a little too pricey for our estimated budget.  That leaves us with a choice of Reservoir, Kingsbury, Thomastown, Lalor, Bundoora, or Epping. 


Map of our Search Area, Courtesy of Googlemaps


Yesterday we even went to a couple of open house inspections in Bundoora, just to get a feel for what to expect if nothing else.  The first house was really quite nice and had a beautiful large covered deck out the back.  Barnadi was not so impressed, he has gotten too used to modern open plan living.  The second house was not as nice, it was very run down and absolutely stunk of stale cigarette smoke.  It would have cost more in renovations than the property was worth.

After the house inspections I took Barnadi to see Epping, now I have been working in Epping for several months now and know what an ugly, rough suburb it is but I don't think Barnadi really believed me until he saw it for himself.  As I had been telling him since we got here, if the only place we could afford to buy was in Epping (or a similar suburb; Craigieburn, Broadmeadows etc.) I would be on the first plane back to the UK.  So that has at least helped narrow down the search a little more.

We are getting a little ahead of ourselves, and it is just as likely we will end up having to rent a bit longer to ensure we can save up enough money for a deposit.

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