Wilfulbadfaery

Hello, I am sure this has probably been done before but I would like people who have already moved to Australia and have done this experiences.

My husband is wanting to rent out our current house when we move to Australia (we bought it off a "friend" cheap and its been a bit of a money pit and we don't think we are going to make any money as we have only been here 2 years and the price hasn't altered that much. long story ). Personally I would rather cut our losses and leave it, as I am worried that if the housing market slumps we might not be able to rent it out to cover the mortgage, and I don't want to be in the situation that we are having to send a large portion of cash back over every month.

Also I am committed to the move, and don't want to keep anything here as its a new start.
I am really just wondering if anyone who is already over there did rent out their old house and how it went.

Thanks a lot Wilf xxx

stuckinblighty

hi,understand the dilema!!!me and my oh have had the same conversation, we live in an old house,but have done alot of work to it over the past 5 years of living here....,luckily for us we will have made some equity in our house to be able to make it more beneficial to us to sell rather than rent. the problem now with renting is the extra worry that the tenants look after the property and the expense when things go pop in the house...plus with all the regulations that are coming in....its best to sell and think to yourself you are going to aus to start a new life, yes it will be hard for the first year or two...but the benefit and reality of what you have achieved will be all worth it.........good luck with what you decided............. ( stuckin blightys other half)

stuckinblighty

oi woman go and get your own username