How worried are you renting your house and moving to Oz?
#1
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Location: Ireland
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How worried are you renting your house and moving to Oz?
This is a dilemma I face at the mo, After splitting with my ex last January, I decided I'd like to go to Oz, but my ex keeps thinking I'm not going to pay etc etc. Plan is to rent out house etc, but I am worried about it, as in having to make some payments (however big or small) form the other side of the world.
I've lived abroad before, but didn't have to worry about anything over here (I'm in Ireland).
Anyone who has done this before, how do you keep peace of mind? Do you worry at all, such as "Is the house ok?" "Who's checking on it?" "What are the lodgers like" "Will I be able to make any necessary payments etc etc".
I kind of feel if i go down under, it's a reckless decision to make, but at the same time, I'd like to seize the day!
I've lived abroad before, but didn't have to worry about anything over here (I'm in Ireland).
Anyone who has done this before, how do you keep peace of mind? Do you worry at all, such as "Is the house ok?" "Who's checking on it?" "What are the lodgers like" "Will I be able to make any necessary payments etc etc".
I kind of feel if i go down under, it's a reckless decision to make, but at the same time, I'd like to seize the day!
#2
Re: How worried are you renting your house and moving to Oz?
We couldn't sell our house int he Uk so had no option but to rent it out. It was a bit scary as it's something we've never done before. However, so far, it been problem free. I think you need to use a reputable agency. Ours did debt checks etc against our tenant and use a third party to do this. The third party is then responsible if the tenant fails to pay. Also, it might have something to do with the price range your property is in. We are fortunate that we have a professional couple in ours. I've had a lot of experience with Council Tenants and Housing Benefits through my work and would never go down that route. The agency also carry out inspections on the property to check the condition. I also have it written in my contract that I can send someone (Mum) to check on my behalf too. Good luck.
#3
Re: How worried are you renting your house and moving to Oz?
I have been doing this for the last three years, it can be a little stressful, but can be done, i pay money into UK bank account, rent goes in there and mortgage goes out...trying to sell it now though!
#4
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Re: How worried are you renting your house and moving to Oz?
cheers guys. It may end up that if we did rent the house, it wouldn't cover the entire mortgage, but I could live with having to pay the difference. It may mean having to get an extra part time job down under (if I got a full time one first!!), to do this, and so be it...
I've been to Oz before, loved it, and have the option of staying with a mate intialy until I get sorted...
I've been to Oz before, loved it, and have the option of staying with a mate intialy until I get sorted...
#5
Re: How worried are you renting your house and moving to Oz?
Rent didn't cover my mortgage either....it is doable!
#6
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: How worried are you renting your house and moving to Oz?
Don't forget to factor in that you will be liable to Australian tax on the rental income.
Failure to declare it is tax evasion.
G
Failure to declare it is tax evasion.
G
#7
Re: How worried are you renting your house and moving to Oz?
Actually if its an outgoing as in my case its tax deductable!
#9
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Re: How worried are you renting your house and moving to Oz?
I'm in a weird situation where I haven't officially signed into the mortgage, but have a solicitors letter stating that if the house were ever to sell, it's 50/50 split. I currently pay the amount into my now "ex" bank account. The plan was for me to officially sign into mortgage when I was in my job for a longer period. But alas, things didn't work out, so it would still just be a case of me transferring it to her bank account each month, or something similar to that
crazy, I know, but I suppose I wouldn't be dealing with declaring tax etc. in Oz, as I'd just be doing a straight forward bank transfer...
crazy, I know, but I suppose I wouldn't be dealing with declaring tax etc. in Oz, as I'd just be doing a straight forward bank transfer...
#11
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: How worried are you renting your house and moving to Oz?
It is illegal not to declare it.
G
#12
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Re: How worried are you renting your house and moving to Oz?
I have a WHV. I'm in the last year of it, and would hope to stay on.
#13
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: How worried are you renting your house and moving to Oz?
It can work in your favour but it depends on individual circumstances.
G
#14
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Re: How worried are you renting your house and moving to Oz?
I should have written my previous email in a better way. What I meant was I'm 31 (last year of the working holiday visa), and would hope to stay on after it, if I'm lucky...