My wife, two daughters and I are moving down to Wellington to be closer to family and for a job offer I simply couldn't turn down.
We have an Auckland rental (was going to be a house for us to live in at one point) which is valued at 1.15 million and we rent out for $910 a week. It's in Epsom, grammer zone. We have 390k equity in it. The fixed loans finish up in a 1 and 4 years time.
I'm the sole income earner, with $110k salary and my wife is a stay at home mother (kids are 4 and 1). Oldest will be off to school in the new year so wife is wanting to get back into part time work (maybe $30k a year?)
Don't think we would be in a position to buy another property in Wellington around the $700-800k mark for some time. So thinking we should just sell the Auckland home. However, don't want to be kicking ourselves over lost capital gains when we are in our 60's and the house is worth 10 million!
We have an Auckland rental (was going to be a house for us to live in at one point) which is valued at 1.15 million and we rent out for $910 a week. It's in Epsom, grammer zone. We have 390k equity in it. The fixed loans finish up in a 1 and 4 years time.
I'm the sole income earner, with $110k salary and my wife is a stay at home mother (kids are 4 and 1). Oldest will be off to school in the new year so wife is wanting to get back into part time work (maybe $30k a year?)
Don't think we would be in a position to buy another property in Wellington around the $700-800k mark for some time. So thinking we should just sell the Auckland home. However, don't want to be kicking ourselves over lost capital gains when we are in our 60's and the house is worth 10 million!
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