Impending homelessness
The property market shits me. Melbourne is so freaking expensive, everything goes to auction, and everyone is up to their eyeballs in debt.
Brad and I sold our apartment and yes, we got a healthy price for it. Problem is, we are trying to get something bigger and better (or at least has potential to be better with some work) and everything is just so hideously overpriced.
'They' say that the market is cooling (and with interest rates going up again I'd hope so) though it's not like prices are going down; they're just plateauing. I think Melbourne needs to seriously realign their expectations because really what's the point of asking a bazillion dollars for a property that looks like it needs to be demolished?
I'm so glad that I was able to secure an apartment when I did; it did put me at an advantage. Right now though I have that lovely feeling of 'impending homelessness' and need to be a whole lot more active searching. Don't really fancy putting my stuff into storage and couch surfing for the forseeable future.
I've had conversations with people recently which have basically gone along the lines of 'i wish I'd bought a place x-years ago, it's too expensive now'. Problem is it's always going to be hard and they'll probably be saying the same thing in 5 years. Maybe we can't all afford to live in collingwood or abbotsford, maybe brad and I need to move out further ourselves, maybe we just need to find a dear old lady with an immaculately kept property who wants to sell it to us on the cheap (I can dream, no?)
I need to be more proactive I think. Half of Melbourne is looking for their dream home; I definately need to look beyond surface and find a place with potential. It'll happen, the question is when.
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