08/02/2024
We’ve done it - Moving out day!🕺
Same photo. 18 months on. One extra child..!
Before Jonah was born, we thought we’d maximise our lending capacity, release some equity and find a project🏡
.because 2 under 2 sounds too easy!!👶👶
This one needed some skin in the game however, as we realised buying and holding wasn’t getting us where we wanted to quick enough
We bought a sh*tty house, but the draw was in the 3.5 acres of land
The plan was to move in as a family, subdivide the land 1 into 3, sell off the back 2 plots, then renovate the house with the profits, live in it for a few years and then sell the main plot
We negotiated really well on purchase knocking nearly $200k off asking price due to unknown variables we discovered prior to purchase on DD; with the access road being on state land. our TP’s were optimistic we could gain permission for this however
So we rolled the dice 🎲 as we ran out of our contract DD time and purchased, hungry for a challenge 😋
Turns out this is a big No No(!) and we needed to create a new road which only butted up next to the old road, but goes through koala habitat and would require major engineering and earth works as it’s on a slope, hence the reduction in asking price and all correspondence with TP’s lead us to believe we’d get this through
Furthermore, council decided to rezone the land mid project to 16,000m2 to create an ‘environmental precinct or wildlife corridor’, which didn’t come up in the pre-lodgement meeting with council, and was the WHOLE point of the meeting to ensure we could subdivide and carry out our proposed strategy before purchase 🤯
Many lovely words were exchanged with council through last year and instead of going through what could have been some very expensive fights 💪 with council, have decided to reset, appreciate the lessons in a new territory and move to one of the exit strategies 👉
We did a cosmetic reno and are moving back to our old house, which we were Airbnbing during this time
We certainly got out of our comfort zone with this one 🫠
It’s nice there, but nothing gets done 😂
We’re now more equipped, knowledgeable aaaaaand already planning for the next one 😝