hhhmm

Well I was kind of in despair last week. Spoke to the agent about the block in Blackburn Sth, he said that there's alot of interest in the block, still waiting for the title and he will then call all interested parties. He implied that the block could sell for more than it's advertised price of $329k and I went into a tunnel, having doubts about whether we'll ever be able to do this house buying thing. Part of it is not knowing the costs and time frame of moving a house onto the land. Talking to Tarsh I started to worry about our ability to pay the rent and mortgage repayments on the land while we waited for the house to be ready to move into. We would need to borrow extra to cover those costs but without knowing exactly how long it would take. Bottom line is I'm not sure we have the funds and financial flexibility to manage a relocation if we buy land for $300,000+. It might be possible but need more info. Couldn't go to see the relocator on Friday as Claire was sick and needed to be at home.

In the mean time I saw this house in Ringwood. It's in a great location near the station and buses that go to Mitcham Primary School and Blackburn High School (one of the prime choices of secondary schools for the kids). It has 3 bedrooms, 2 bathrooms and what looks like plenty of living space. Downside is it is on a small block (450 sqm) and I'm not sure if this block might feel like too little land. The upside is it's on a corner of a court which would mean safe cycling and playing in the street for the kids. We will go and see it on Tuesday afternoon. An amazing coincidence is that this is the street that my parents lived in when they were first married and moved to Melbourne. Just a few houses from number 20. Also, all those years ago, 1969-1970, my Mum worked for the agent who is still operating and is selling this house!