Selling PPOR to survive!

Sorry to hear about your situation @davidc . I can only imagine the amount of stress you're going through right now.

Have you by any chance signed up with WorkForVic? It's specifically tailored for someone in your position and could potentially connect you with an employer. It's free to sign up and I believe training will be provided (if needed).

Working for Victoria

Good luck mate.

 

She is a actually buying in Perth not Melb, covid fixed this and Perth property market is great atm. We are looking for a development site

 

Curious david have you had any family support?
my daughter in Melb, lost her job and now employed again. As a parent its pretty tough

 

Hi, Family's support has been great, as everyone is going thru the same situation with their own businesses and work been affected as well.
We're ok for the time being, but just wanted to see what our options are moving forward.
Working in the outdoor industry where large gatherings are needed to be viable, unfortunately for most small vendors it might not be the same as before ( festivals and markets ).
Rather do something now and pivot and change the why we trade.

 

Hi, thanks for pointing out this website, didn't even know about this, great tips on there.

 

Nth Nsw has several day markets,and as other have said one too 2 hours from the coast the prices for property is still within the low cost range ,compared to Victoria ..good luck..
https://thechannonmarket.org.au/

Nimbin - Markets - Lismore & Nimbin Tourism

Uki Buttery Bazaar Market - Old Buttery - Uki | Official byronbay.com Guide

 

thats good
Wise to move now than wait

 

What if the tenant stopped paying rent and couldn’t be evicted **unhappy face**

 

but have to look at the big picture, the risk, the market. Employment???

Melb property market may go into free fall as there will be many business’ that wont survive. We dont know how bad it will get

Possibly lose more than $20k if he does not sell?? And drops in value??

Also There is an opportunity to place funds from sales in another market that is in a different stage of the cycle

Also, lets not forget mental health. This has been completely ignored during covid.

 

What a tough situation you and your family are in, it really does suck...

I think if I was in your shoes I’d look for a job interstate doing pretty much anything (FIFO role catering at a mine site, with your family basing themselves in Perth?!), sell your PPOR and move to where you can find a job and rent. Once you’re settled into a new life - maybe 12 or 18 months down the track then buy a new PPOR in the area where you decide to settle.

 

Good idea

Perth is on the cusp of a boom, at least this is what I see on the ground

We have a Premier who is now spending billions on infrastructure due to budget surplus, thanks to soaring iron ore prices

As they say .... one door closes, one door opens

 

3brm 1 bath, SE Melbourne $350 -$400
Always was our plan before Covid to keep PPOR into IP and rent in same area.
Will see what the next few weeks will be with restrictions easing or not.

 

Thanks, something to think about.
I'm fortunate that I have options to look at, but imagine the people out there in worst situations. 2021 will be very difficult for most.

 

Try thinking outside the box.

I know of a food van business in NSW that could no longer operate. They had a Facebook page, and advertised relentlessly that they would deliver withing a certain area each day for takeaway only. They did a different area each day. Food was good and well priced & they've been making a killing.

 

Eeewww! No!

 

"From Your Grill to Ours"

Fantastic - "From your Grill to Ours" - Road Kill Cafe & O.K. Saloon, Seligman Traveller Reviews - Tripadvisor