Existing property owners immigrating 'down under' early 2022; rent or sell?

Comms69

nathanscott90 said:

pinkpiglit said:

Thrugelmir said:

Alternative is to sell with vacant possession. Though much of your previously made "profit" may disappear while the property is empty. 

Yes, I need to give it some good thought (and I realise I'm hijacking someone elses thread which isn't the right thing to do). 

We can't have it vacant the whole time as we can't afford to pay mortgatge here and rent there.  It's a bit of a pickle.  On the plus side, I've plenty of time to stew over it!

@pinkpiglit I'm so offended you are hijacking my thread! Lol, jokes aside, sounds like we are in the same predicament... Upon reviewing the comments in this thread, I am going to sell our place in London, wait 12-18 months to confirm we like it down under and then buy a place there to live in. Even if things don't go well and you want to return after 5 years, i'm sure that is a less risky option than becoming a landlord here in the UK. 

And stick it all in premium bonds - 100% guaranteed safe, and chance to win some money

pinkpiglit

nathanscott90 said:

@pinkpiglit I'm so offended you are hijacking my thread! Lol, jokes aside, sounds like we are in the same predicament... Upon reviewing the comments in this thread, I am going to sell our place in London, wait 12-18 months to confirm we like it down under and then buy a place there to live in. Even if things don't go well and you want to return after 5 years, i'm sure that is a less risky option than becoming a landlord here in the UK. 

haha, sorry about the hijack!   

I think selling up is definitely the less stressful option, and 95% of me says we’ll love it over there, but there’s the other 5% of me that isn’t so sure.

What makes my dithering worse is I’m actually from downunder!!  Albeit the nicer part of Oz known as NZ    but I’ve lived in London for too long to count, and this is what I’m used to.   

Also we are in Central London on the border of zones 1&2, so if we did come back here and have to start over, we might not be able to afford anything closer than Zone 6!  (I know, I know…. first world problems)

pinkpiglit

Comms69 said:

And stick it all in premium bonds - 100% guaranteed safe, and chance to win some money

I have some of these - family used to give them as presents when we were little.  In all the years I've had them (and its a LOT of years) I reckon I've won the GBP equivalent of around £50

Comms69

pinkpiglit said:

Comms69 said:

And stick it all in premium bonds - 100% guaranteed safe, and chance to win some money

I have some of these - family used to give them as presents when we were little.  In all the years I've had them (and its a LOT of years) I reckon I've won the GBP equivalent of around £50

Dont forget you can cash them out too