I think you'll come to a decision that is right for you mate. You have a good head on your shoulders and you're not going to do anything too risky.

For us, the decision to sell up and rent makes much more sense. I can stay home with my babies (cos yes, the childcare costs are sky high, even with 2 in care, let alone 3!!!) plus we would get rent assistance, more income from centrelink etc.

So we are willing to give up our house NOW - because really - its not perfect, its too bloody small, too bloody old and run down and will need a LOT of work. Although it is on a perfect block of land

Anyhoo - we have made the decision to sell up now - and then buy again when the kids are at school and we can have two full time incomes paying off the mortgage. Its just too hard with one and a half incomes ya know? Sacrifices are being made here.... and they aren't always the good ones