Yes, we'd be renting out our current house but the issue is the gap between our rental income for this place and the rental income for the other place. It's a big gap because the other house is huge. And we'd still be paying the mortgage on this place. Luckily, our current mortgage is quite low.

But if you multiply that monthly gap by two years (which is the max we'd move for) then that amount is much, much cheaper than extending. And at that point, we'd be in a position to decide what size house we need long-term. So we could move back to this house and/or extend, sell this house and buy somewhere new or carry on renting but further out of town where we could get somewhere bigger but the same price as we'd be getting in income for this place. Reluctant to do that at the moment because I don't want DSD to have to change school and lose touch with her friends (she's only been here 12 months from the US). But wouldn't hesitate to do that once she's finished VCE.

So really, I just want to do something to get us over this limbo land of the next two years that will mean that I don't have to go back to work full-time.

Unfortunately the extension that we need to do to this place will be 150K+ and it's a second storey so not something we could do DIY Teagz.