Jump to content

Updated in Original Post! Tree change, mortgage free? WWYD?


  • Please log in to reply
50 replies to this topic

#1 TreeChange?

Posted 11 February 2013 - 08:58 AM

Well, we have put an offer in on the country house and now are just waiting to see if it is accepted.Very nervous but excited too! Thank you all for your amazing input, you've been a great help original.gif





I'm a long time user gona anon as I have close friends on here.

I will cut a long story short, but was hoping a fresh set of eyes on this big decision would help me see if I'm missing anything.

We are a family of 5 in our early 40's. Our youngest is 2 our oldest is 8.
DP is on a reasonably good wage doing FIFO work, but we have ended up with a what we see as a large mortgage of $450K. It isn't feasible for me to go back to work, childcare would be basically eat up any money I could earn.

We have worked out that after mortgage repayments, all expenses like rates, insurance, healthcare, electricity, gas and phone, we end up having only $500 left over for food, fuel, clothes, school supplies, entertainment.

We already live quite frugally, don't have foxtel etc, I make all our food, don't get takeaways. We are feeling like we will never get ahead like this.

So, we are considering moving an hour out of Perth and swapping our $450K mortgage for basically no mortgage at all. We can buy a house on 1/2 an acre in a great little country town for $300K, which is roughly what we will have left over if we sold our current house.

So, would you swap a big house in the burbs for a little house in the country? Are you someone who has already done this and how has it worked?

I have lived rural before and love it. So has DP. The more we think about it, it seems we would be crazy if we didn't. To be mortgage free vs paying off a big house for the next 25 years?

Edited by TreeChange?, 13 February 2013 - 12:10 PM.


#2 Nepheline

Posted 11 February 2013 - 09:02 AM

Sounds like a dream to me, and only 1 hour out of a big city!! Go for it.

I wish we could do something like that, but unfortunately my partners work is tied to Sydney so we are stuck.

#3 dolcengabbana

Posted 11 February 2013 - 09:08 AM

It sounds great to me except a family of 5 in a small house with the kids growing would make me nervous that in 5 years time when kids start becoming teenagers the wish for alarger house may become very strong.

I would see if a compromise was available in the rural setting a slightly larger house with a very very small mortagage maybe see what the extra $50,000-$100,000 can get you and then the change really just about geography.

I would also make sure that the extra money that becomes available was saved wisely and put away in case for whatever reason circumstances change.

#4 AllyK81

Posted 11 February 2013 - 09:09 AM

My parents did this when I was small. We moved from the City to the country (2.5 hrs away though) where living costs were much lower. It helped my parents get ahead and it was nice growing up in the country.

You would need to satisfy yourself the schools would be OK and that the particular town suited you. An hour out of town is a perfect distance - my DH gew up around an hour out of town and he has a mix of city and country friends.

The only downer was when I hit 18 I had to leave home as there were no universities where I grew up, but leaving home at 18 is not necessarily a bad thing.

Now my sister and I are grown, my parents are back in the city.

Perhaps you could try renting for a year to decide if the lifestyle is for you first before making a big committment?

Good luck with your decision.

Edited by AllyK81, 11 February 2013 - 09:10 AM.


#5 TreeChange?

Posted 11 February 2013 - 09:13 AM

The house we have looked at has the potential to be extended for around $50K, so that would solve the space issues. The location of this house is ideal, it is in the town centre, walking distance to a great school and shops, it's a great town with a great school. The block is huge too, at 1/2 an acre!

#6 TheGreenSheep

Posted 11 February 2013 - 09:14 AM

Id say to be only an hour out of Perth Id do it.

We have done the tree change and its tough, but it was interstate and starting with new friends and jobs all over again. So if I were only moving an hour away I could do it in a heartbeat.

#7 Feral_Is_Me

Posted 11 February 2013 - 09:20 AM

I am not sure what is stopping you? What do you think the cons are for doing this change, as your post shows only the positive (in my opinion) of doing the move. That might help you to address what is holding you back.

#8 Therese

Posted 11 February 2013 - 09:22 AM

I would do it in a heartbeat.


#9 blondie82

Posted 11 February 2013 - 09:22 AM

QUOTE (TreeChange? @ 11/02/2013, 09:58 AM) <{POST_SNAPBACK}>
We have worked out that after mortgage repayments, all expenses like rates, insurance, healthcare, electricity, gas and phone, we end up having only $500 left over for food, fuel, clothes, school supplies, entertainment.


Is this per week or per month? I'm only asking this out of curiosity but in all honesty, making a move like this needs to be about more than just the dollars and cents.

8 months ago I moved from inner city Melbourne to a town just an hour away. We have kept our house in Melbourne (renting it out) and are renting in our new town to get the feel for it and to see if we're ready to make the big 'tree change'. From my experience, I have gone through every scenario in my head trying to work out what will be best for us. One week I want to move and another one I'm ready to sell up and buy in our new town. This week, I'm ready to move back to Melbourne  wink.gif

For me, I'm working through what is really important to us as a family with all the money aside. At the moment, seeing our extended family and friends is what is most important and living an hour away is seriously dappening that for us. We seem to be the ones doing all the travelling to see people whereas before, our family was literally a 5 minute car ride away.

Like you, we could sell our house in Melbourne, buy something in our town and be virtually mortgage free but then what - spend the additonal funds on petrol to see people?

It is such a tough choice but maybe you could try it out first by renting somewhere in the new town to see if it works?

Good luck.



#10 Toodee

Posted 11 February 2013 - 09:42 AM

While I like the idea, it would depend completely on the town you are planning on moving to and what the community is like. Having grown up in the country not too far out of Perth there are some country towns that I would rather poke my eye out with a fork than live in.

#11 oliboli

Posted 11 February 2013 - 09:47 AM

Which town? I grew up just over an hour out of Perth, and loved it.  We have often thought of giving our children a country upbringing, but the boarding school fees would negate any savings unfortunately!

#12 TreeChange?

Posted 11 February 2013 - 09:48 AM

I think my only hesitation is the fact we have only been in our current house for 5 months. We moved from a much smaller house to this big house.

I like the area, but am finding I don't love it, I like our house, but sadly also find I don't love it. I feel weighed down by our mortgage, we have never had such a large mortgage before.

To answer a PP, it is $500 per week leftover.

We wouldn't lose money by selling so soon, but facing up to the fact that we made a silly mistake buying here is hard on the pride!

The move wouldn't just be about saving money, we love the country and have lived regional before, including being around 40 minutes out of town to as far away as 1800kms out of Perth.

I can't see any negatives, I'm hoping that's because there isn't any!

#13 TreeChange?

Posted 11 February 2013 - 09:50 AM

And I know living on $500 a week after bills is doable, but if something major happened, we wouldn't really have any back up. If DP lost his job, or injured himself, we would have nothing to fall back on.

The other massive advantage of doing this is that the pressure is off DP to earn more and more money. It will mean FIFO will just be a "for now" job rather than a "forever" job.

#14 TreeChange?

Posted 11 February 2013 - 09:51 AM

And the town we are looking at is York original.gif


#15 FeralLIfeHacker

Posted 11 February 2013 - 09:51 AM

Do it!!!

Your in a really similar situation to us. We live inner city and could be mortgage free if we moved about 30-40 mins out (in Adelaide everything is reasonably close!).   We would move to a bigger house though not smaller, that for us is one of the reasons, more space in and out of the house. We would need a new car probably because we will have increased travelling times and our car isn't quite up to scratch but even with purchasing a new car we will still end up ahead. We will also spend more money on petrol but we've been over the sums a billion times and would still be in front there too.

Schooling is number one priority for us so we are still trying to work out where is going to be the best place as far as schools go.

It will be a big move for us since we've only ever lived in the city but we wont know if we don't try.  Dh ideally would like to keep our house in the city to rent out incase it doesn't work out for us but I don't think we can make that work financially, so if we do it we will be losing our ability to get back into the area we currently live in, this is a bit scary, since it's a great area well held area and our kids are really happy at their current schools.

It's tricky but I think you should go for it. You have so much to gain,  I am hoping we will get the courage to do it this year. Like pp we are back and forth, some weeks we totally are ready and are like "let's do this" other weeks we are so glad of where we live right now.

#16 mummabear

Posted 11 February 2013 - 10:02 AM

Without a moments hesitation...I would do it!

Not a moment!

Mortgage free, a slower pace and fresh air, what more does one need to create a better life! original.gif

#17 oliboli

Posted 11 February 2013 - 10:11 AM

York is where I am from! - my parents have still got a farm there and we go there as often as we can - the kids love it! Stinking hot in summer though!  As I said, we have often thought of moving there, but my husband would have to commute to Perth everyday, which he doesn't want to do, and boarding fees for sending the kids to Perth would make it not worth it anyway.  The school only goes to year 10, so you'd have to send your kids to either Northam or Perth for yr 11 and 12. My brother and his wife live there and we have a lot of friends there original.gif

#18 polka dotty

Posted 11 February 2013 - 10:21 AM

We have been in a similar situation (kind of still are actually)...my DH is FIFO, we have 3 kids between 3-9 and returning to work not financially viable for me either. Mortgage not so big though...
I hate that everyone assumes FIFO jobs are well paid...DH's income is good but not great, but he loves it because he spends more time with us than he ever did in a 9-5 job.

We were in a small house in the burbs and hated it...we built a large house on an acre about 30 minutes from shopping centres, etc. I had dreams of growing our own fruit & veg and living simply, but it just didn't pan out that way unfortunately.
I got so frustrated with the large block - newborn in the sling whilst I was trying to deal with goanna stealing the chook eggs, trail bikes blazing through the back bush at 8pm, HSTP pump breaking down and having sewage in my yard (so then kids couldn't go out to play), everything breaking down whilst DH was away!!
DH also disliked coming home to my 'list of jobs' and spending his break fixing things!

We also discovered that although the local primary schools were good, high schools were not - lots of locals would move away as their kids got to high school age for that reason, and also because it was too far to drive their kids to PT jobs.

We moved back to the burbs (in another area actually) and love the area but not our house (so much maintenance). We've tried selling but the market is so flat at the moment...our next step is to look at renting it out and buying something with less maintenance. We're hoping to move closer to our local Uni and take in homestay students for extra $ (we have done this before and loved it).

I'm not sure what roster your DH does but just make sure you could deal with any potential issues yourself in the time he is away...I'm not saying issues don't arise in the burbs too, but they tend to be bigger on a bigger block, IYKWIM?

If the money side of things eases the stress for you, I'd go for it, but make sure you do all your homework first on what it will be like to live there.

#19 Relish*

Posted 11 February 2013 - 10:25 AM

York - yes I'd give it a go. If you'd said Pinjarra - no.

Good luck! Sounds like a pretty good decision to me original.gif

#20 solongsuckers

Posted 11 February 2013 - 10:41 AM

If it were me I would move.

#21 Libertine

Posted 11 February 2013 - 10:51 AM

I'd do it in a heartbeat. Living with no mortgage gives you so much more freedom.

#22 Boombox

Posted 11 February 2013 - 10:52 AM

We did the "tree change" nearly 6 years ago and we're really happy we did. We're 4 hours from city and family. We're also a family of 5 with the oldest child being 8. We bought an old house on property and have since built our large house we designed ourselves. Next investment will be a big pool.

Cons have been being so far from family- having regular contact, and simple things like having anyone to watch the kids for the evening are missed. But a pro for the distance is friends and family make the effort to come and spend at least a weekend with us and we have some quality time together.

Another con is schools- our closest large town is low socio-economic with the associated problems. we have a couple of private high school options, and while I'd love to support the public school system, I think it would be to the kids detriment. Our small public primary school however is awesome.

We love being mortgage free- i think for that alone I'd do it. We don't have high paying jobs, so why tie ourselves to the crippling mortgage we would have to have had if we stayed in the city? ( the ones I see all my city dwelling friends with) We can now both work part time, have time away with the kids really easily. I think the kids are young for such a short time- I want to spend as much of it with them as I possibly can. Once they've moved out we can up our work hours and possibly look at moving back to the city then, if that's what we want.

Of course there are things I miss- nice shops, all the festivals/concerts and general buzz of the city. But these are little things, and easily fixed with a weekend with family. I look out now and my closest neighbour is 2km away. It's quiet, pollution free. I've made lovely local friends (many fellow tree changers), and feel lucky every day!

#23 Aribika

Posted 11 February 2013 - 10:58 AM

I could have almost written your post op.  A few slight differences though.  My DH has the plan to sell and buy in the middle of nowhere but he wants more land and to be almost self sufficient.  The long term goal would be for him to not have to work but as polka dotty said in her post I am concerned about all the work I would have to do when he does have to go to work for 3 or 4 weeks at a time..

We don't have enough equity to buy without a mortgage and would ideally like to be in the south west but as you have indicated there is more scope for less expensive housing just north of Perth and obviously it is closer to the airport.  We have seen a few properties in the York area and even closer to the city that could be possibilities.

In your situation where you could have a very reduced mortgage or none at all and you won't have a huge amount of land to look after I would definitely go for it.  Obviously as pps have said, check out the schools and facilities available.

Good luck.

Lorraine

#24 Musk Sticks

Posted 11 February 2013 - 10:59 AM

QUOTE (TreeChange? @ 11/02/2013, 10:13 AM) <{POST_SNAPBACK}>
The house we have looked at has the potential to be extended for around $50K, so that would solve the space issues. The location of this house is ideal, it is in the town centre, walking distance to a great school and shops, it's a great town with a great school. The block is huge too, at 1/2 an acre!

Sounds great.
DH and I would love to move to the country but have too many things stopping us at the moment.

#25 *cough*

Posted 11 February 2013 - 11:06 AM

York sounds ok. Northam is right there which has pretty much everything and is only growing. At least you have Coles/Woolies etc. Plus Midland is not far to escape to for big shops, movies etc.

I would seriously consider high school options. Northam High School? Yeah maybe not. Perhaps the private school in Helena Valley?

If you have no (or little) mortgage, slamming away money into saving for reasonable private school fees might be doable.

I think you really need to do the maths and work out if you have to pay for private school what the true 'saving' would be.

Totally different if you are ok with Northam high school. Your kids might also get scholarships? A friend in Toodyay has her girls at PLC all on scholarships.

Remember - it's really hot in summer, factor in larger power bills.

Will you be on town water? Otherwise you should factor in extra water (more than rates).

If you do your homework and the figures come out good - do it!




1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users

 

Show us your DUPLO creations to win!

We love to see the cool creations kids build when they play with LEGO DUPLO. Enter and share a picture of your childs creation for a chance to WIN 1 of 10 LEGO DUPLO prize packs worth over $100 each.

Jammy, Hula Hoop, Rage: Reddit reveals most unusual baby names

A recent Reddit thread has revealed some of the more creative names in the world.

Woman awakens from coma, learns she gave birth

A US woman awakened this week from a four-month-long coma that doctors had feared would be permanent and learned that she had given birth to a baby boy, according to her family.

'Give us a break': mum sent shocking letter over Facebook baby pics

Posting a lot of baby photos doesn't make you a bad person. It may make your Facebook feed a little irritating, but it doesn't make you a bad person.

In defense of the dads who do so much

It's time to shift the focus off what dads aren’t doing and shine it on what they are.

The modern cloth nappies too cute to cover up

If you're only just joining the modern cloth nappy movement, or would like to spruce up your collection, we have to introduce you to Designer Bums.

How breastfeeding can affect your libido

When you’ve just had a baby, having sex isn’t usually top priority. In fact, for a lot of women it rates about as appealing as changing another dirty nappy.

Should pregnant women be allowed to use 'parent and child' car parking spots?

Is it acceptable to use these car parking spots when pregnant? How many of us would admit to doing it?

Healthy baby from sperm taken 48 hours after a man died

Fertility doctors have described their "most extraordinary case" - creating a healthy baby from sperm taken 48 hours after a man had died.

Anti-vaccination mum's seven children contract whooping cough

A Canadian woman who had declined to have her children immunised against pertussis, better known as whooping cough, has changed her position now that all seven of her children have come down with the disease.

How pregnancy probiotics can help you and your baby

New research suggests that taking specific pregnancy probiotics could be the answer to a range of common pregnancy side effects.

Childcare is a big problem, but there's more to it

Let’s keep talking about these issues and not allow them to be put into a neat little box that’s labelled ‘Fix childcare and everything is solved’.

Pink's awesome response to body-shaming trolls

When trolls felt the need to comment on 35-year-old singer-songwriter Pink's weight, her answer was an awesome ode to body love.

Fertility clinic offers egg donors $5000

A national chain of fertility clinics is offering egg donors a $5000 payment to cover their expenses, a first for Australia which is raising concerns the money could act as an inducement.

Baby boy abandoned in India amid fresh surrogacy concerns

Australian officials could do nothing to stop an Australian couple from abandoning their baby son, born through surrogacy in India, after they decided they did not want to bring him to Australia.

Herd immunity and community responsibility: how free-riders can make kids suffer

Individual choice works for haircuts and handbags, but not for preventing infectious diseases that kill kids.

Photographer captures 'unexpected beauty' of birth

If there is one thing Leilani Rogers knows about childbirth, it is that no two deliveries are ever the same.

Expectations vs the reality of making a toddler's clothes

Note to self: less sewing, more life. Not the party dress, but the party. The toddler, as usual, has it all figured out.

Mum meets 'dead' daughter 49 years after birth

In 1965, Zella Jackson-Price was told her premature baby girl had died shortly after birth.

Sign up to our 30 days of #PlayIQ challenge

Sign up to receive 30 amazing tips and ideas for play with baby during the month of April and submit a picture or tip on our social wall for a chance to win an amazing Fisher-Price prize pack.

 
Advertisement
 
Advertisement
 
 
 

What's hot on EB

Sign up to our 30 days of #PlayIQ challenge

Sign up to receive 30 amazing tips and ideas for play with baby during the month of April and submit a picture or tip on our social wall for a chance to win an amazing Fisher-Price prize pack.

Tips for flying with a baby

Travelling with kids requires a whole other set of skills - ones that I have learned through (sometimes unfortunate) trial and error.

How to stay calm in an emergency

I’m not expecting you to be as calm as you might be right now. What I mean is that if your panic levels are through the roof during a stressful situation, let’s bring them down to just under the ceiling.

Toddler gets 'drunk' after cranberry juice mix-up

A toddler was taken to hospital after a waitress served her sangria instead of cranberry juice at a US restaurant.

Show us your toddlers LEGO DUPLO creations

We love to see the cool creations kids build when they play with LEGO DUPLO. Enter and share a picture of your childs creation for a chance to WIN 1 of 10 LEGO DUPLO prize packs worth over $100 each.

We need to stop using this word when we talk about childbirth

Is it shaming to point out that women are often being let down in birth?

The certificate helping parents deal with pregnancy loss

For some people, this certificate will offer a sense of validation that their child was acknowledged as being here and now gone, and will help them with life post-loss.

The phenomenon of phantom pregnancy kicks

'Phantom pregnancy kicks’ are encountered by many mums months - or even years - after their pregnancy is over.

The health insurance advice you can't afford to ignore

There's one simple switch that could save you hundreds of dollars a year in private health insurance.

4D scans show how smoking affects babies still in the womb

The harmful effects of smoking during pregnancy on unborn babies may be seen in tiny movements in their faces using 4D ultrasound scans, research has found.

The most dangerous toddler food trends

Pete Evans' paleo cookbook for kids caused a storm, but there are plenty of other unsafe food trends for babies and toddlers.

Infection killed new mum of twins

Modern medicine could not save 19-year-old Sophie Burgess who died 48 hours after giving birth to twins in the UK.

How to babyproof your job interview

Once upon a time, I was a fan of job interviews. That all changed after I'd switched careers, had a baby and decided to spend the first year at home with her.

Grieving families give warnings after toddler deaths

Two Queensland families are grieving the loss of their toddler sons after the boys drowned in separate incidents last week.

Man faces jail after giving woman abortion pill smoothie

A Norwegian man is facing jail after putting abortion pills in his ex-girlfriend's smoothie, causing her to have a miscarriage.

'He's a blessing': family of baby born without eyes

Jordy Jackson was born without eyes. He has anophthalmia, which affects one in every 100,000 babies born.

Super fit model Sarah Stage defends her pregnancy body

Model Sarah Stage has defended her pregnancy body after critics claimed her slim figure at eight-and-a-half months pregnant wasn't "normal".

Why I post breastfeeding photos online

I love to take pictures of my children. In some of the pictures, my younger son is nursing.

The day I broke my baby

There are things I wish I didn't know. I wish I didn't know that companies make tiny braces, small enough to hold necks no bigger than a wrist.

Geeky baby gear

If your family is more into Star Wars, gaming and the periodic table than most, you might want to check out these geek-chic baby items.

Grandbabies: the babies born looking old

Not a day under 65 and a lifetime of struggle! That's the look of these newborns, who look adorably older than their real age. Social networking site Reddit recently featured user submissions of adorable grandbabies, here are our favourites.

53 creative pregnancy announcements

Announcing that you're expecting can be a time to express your creativity, sense of humour and imagination. Check out how other parents and parents-to-be have broken the news to friends and family.

IKEA hacks for the nursery and kids' rooms

Are you one of those that know the whole IKEA catalogue by heart? Love their stuff but want to personalise it? Here's some inspiration to help you realise the potential of IKEA furniture and fittings.

36 baby names inspired by food and drinks

A French court may have ruled out Nutella as a baby name, but that doesn't have to stop you from taking inspiration from the supermarket (or bottle shop). See what parents in the US have chosen for their delicious little ones.

Clever breastfeeding products

Check out this range of products designed to help make your breastfeeding journey more enjoyable, manageable and convenient.

 

SIGN UP NOW!

Win a year's worth of toys

Receive a daily email from Essential Baby for just the month of April with great play tips and ideas, then submit your baby at play photos to our Playwall, Instagram or Twitter for your chance to win.

 
Advertisement
 
 
Essential Baby and Essential Kids is the place to find parenting information and parenting support relating to conception, pregnancy, birth, babies, toddlers, kids, maternity, family budgeting, family travel, nutrition and wellbeing, family entertainment, kids entertainment, tips for the family home, child-friendly recipes and parenting. Try our pregnancy due date calculator to determine your due date, or our ovulation calculator to predict ovulation and your fertile period. Our pregnancy week by week guide shows your baby's stages of development. Access our very active mum's discussion groups in the Essential Baby forums or the Essential Kids forums to talk to mums about conception, pregnancy, birth, babies, toddlers, kids and parenting lifestyle. Essential Baby also offers a baby names database of more than 22,000 baby names, popular baby names, boys' names, girls' names and baby names advice in our baby names forum. Essential Kids features a range of free printable worksheets for kids from preschool years through to primary school years. For the latest baby clothes, maternity clothes, maternity accessories, toddler products, kids toys and kids clothing, breastfeeding and other parenting resources, check out Essential Baby and Essential Kids.