We had a chat and Shel is going to ring and enquire about the possibility of a Lease Option for house 1, I think they are called. Where they increase the rent and set it aside, and at the end of the lease you are offered the option to buy the house, and use the money that has been put aside as a deposit or to reduce the final price. If you choose not to buy it the owner gets to keep the money. I would buy this house. It’s totally unattainable right now, but who knows in 24 months time if it will be an option. I’d be willing to pay the extra for the stability, even if we don’t want to buy it at the end KWIM.
Leash historically speaking prices tend to fall quite dramatically and sales can become difficult in the aftermath of a flood like the one that has just happened in Brisbane (eg this is what happened after 74 floods). So you may find that the house where you currently live languishes on the market, and properties in general become more affordable.
Just another thought to put into the pot and stir.
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