u/butchymango

Hello!
My wife and I have a combined income of about 130k and a deposit of 100k. We currently rent a house for $500 a week in the blue mountains. We rent off a family member who would let us rent here at this rate indefinitely.

We’d be looking to buy in the upper blue mountains for our home, but I do not think we could afford the repayments on a house we’d be able to comfortably live in. We’re both artists that need space for our work and we have a dog. Realistically, I do not see either of our incomes significantly growing over the next couple of years as we have a young infant and both work part time to spend time with him and this is important to us. Most of the deposit is from when we worked more hours. There would maybe be growth by 20k over the next three years max.

I’m worried that due to the likeliness of our deposit not really growing, that if we do not buy what we can afford now, what we would be able to afford to buy in the future, will only be worse. In this scenario, are we better off giving up FHB benefits and getting into the property market by buying an investment property now rather than wait for something we would be able to use FHB benefits for? I’m worried that if we wait to buy something we could live in, prices will rise faster than we can catch up too.

Would greatly appreciate any advice!

Hello!
My wife and I have a combined income of about 130k and a deposit of 100k. We currently rent a house for $500 a week in the blue mountains. We rent off a family member who would let us rent here at this rate indefinitely.

We’d be looking to buy in the upper blue mountains for our home, but I do not think we could afford the repayments on a house we’d be able to comfortably live in. We’re both artists that need space for our work and we have a dog. Realistically, I do not see either of our incomes significantly growing over the next couple of years as we have a young infant and both work part time to spend time with him and this is important to us. Most of the deposit is from when we worked more hours. There would maybe be growth by 20k over the next three years max.

I’m worried that due to the likeliness of our deposit not really growing, that if we do not buy what we can afford now, what we would be able to afford to buy in the future, will only be worse. In this scenario, are we better off giving up FHB benefits and getting into the property market by buying an investment property now rather than wait for something we would be able to use FHB benefits for? I’m worried that if we wait to buy something we could live in, prices will rise faster than we can catch up too.

Would greatly appreciate any advice!

Hey guys,

I just found this thread and I’m a lesbian mum. We have a son and his donor is known to our family and celebrated, he has an uncle like role in the family. Currently, our child (2yo) refers to his donor just by name- eg “Micheal”. I was thinking about Father’s Day. Currently we celebrate his grandfathers on that day, but I’m thinking maybe we could also include his donor, but I don’t want things to be confusing for him. His donor lives overseas, but has spent a month living with our family this year and we will go and visit his country next year. What do you guys think? And do you have any advice for raising our child to have a positive relationship with his donor? Thanks so much