My wife and I are looking to move out of Auckland for a better lifestyle and slower pace of life. We are early 30's, with a family in the pipeline over the next few years.
We own one rental in Auckland and one in Tauranga.
To free up equity, lower debt and perhaps purchase our own home to live in outside of Auckland, we have considered selling the Auckland rental (300k ish) equity.
However, friends and family we have talked to are saying "you need to keep a foot in the Auckland market, or else you will never afford to get back in if you decide to move back in the future".
Do you think there is any truth to that statement?
We own one rental in Auckland and one in Tauranga.
To free up equity, lower debt and perhaps purchase our own home to live in outside of Auckland, we have considered selling the Auckland rental (300k ish) equity.
However, friends and family we have talked to are saying "you need to keep a foot in the Auckland market, or else you will never afford to get back in if you decide to move back in the future".
Do you think there is any truth to that statement?
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