nellyp
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Rent it out - get your mortgage paid while you're away, get an agency (or even better if you can get your family) to manage it, then you have a property to come back to that will have (probably) gone up in value and will be an investment. Sure enough there are horror stories about renting, but there are in general more decent tenants than horrific ones. You do need to accept that your house will not be the same - even decent people will create wear and tear so it will need redecorating at least when you come back but that's no big deal; better than coming off the property ladder. |
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Stephen M
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house prices rise and will continue to do so. I would suggest renting because it will give you a good income and means you wont be stuck when you get back and find the price of houses has shot up |
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Perfectly Pink
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Rent it - you will have somewhere to live when you come back. You won't lose money as you will have an income from it every month, and on the other side of it, if you decide to stay in Oz you could always sell once you are there |
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podge
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Rent it out. Otherwise you may not be able to afford to buy a similar home when you return. |
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stardustlost86
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You could do a house swap, go to http://www.aussiehouseswap.com.au/ |
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Paul S
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rent it out using an reputable agent, this way you will be safe in the knowledge that the property will be ok.
just make sure you rent it to a professional as they are more than likely to look after the place.
that way in the 2 years, you will probably have 1 or 2 tennants in there, plus you will have a constant income from the house to cover part or all of your mortgage repayments and also have someplace to come back too.
the only thing you will have to do, if declare the income on a tax return form, so you will have to contact the inland revenue at www.hmrc.gov.uk
plus, normally when you have a rental property, when you come to sell it, you have to pay Capital Gains Tax, but as you would only be renting it for 2 years, no CGT will be due as you get 3 years exempt and it would still be classed as you main residence. |
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BRIAN S
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Rent if possible. Have you got a friend who could act as your agent. Alternately, put it in the hands of a good agent, draw up a contract defining what you expect him to do for his fee. Be prepared to redecorate and refit when you come back. It will be better than starting again. Don't forget insurance. |
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JOHN B
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sell you might stay in Australia |
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goingmad
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Rent out until a year or so as the properties in that area are set to soar wait until it is at its peak then as soon as it starts to drop sell quick as you can. Good luck in Aussie grand place provided you are sure of your security there. |
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seven
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I would rent, there are agencies who can manage this for you, you would pay as much for a flat if you were to sell up and long term, lose value....... If you don't like Australia, you can always come back home and at the worse, have to clean your house out....... Money is in property....... Hang on.......
Just don't ever give 'tenancy' rights, stick to leasing and you will be ok........ |
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Everona97
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Don't rush to sell. Who knows when you decide to come back? Rent it... Pound is a pound. In that case you secure yourself and in mind you will have " OK, at least I have something to get back to" and it will bring some income too. Horror stories... Try to find reasonable estate agent who will take care of your property while you away. |
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Magic Bus Driver
 |
Having a house back in UK will effect the way you view Australia while you are there. It will always be something to worry about and could stop you focusing on your life there. Also the resources you would get from selling your house will open up more opportunities in Australia.
I'm off the housing ladder now and feel glad to be free from it as it has allowed me to seize new opportunities without having a property to think about.
Good luck in Australia. |
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TallPaul
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Sell up. Put the money in a high interest account until you get back. |
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Lindy
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I'd rent it and appoint a trusted friend or relative to be landlord. That way you stay on the property ladder and you have a base to come home to at the end of 2 years! If you decided to stay out there longer you could re-let it and you would have a home to come back to when you did return! Just think of the increase in profit you would make on the property when you did sell it! |
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sanjlon
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RENT and get teh agent to put the money in your bank account and if u are completely strapped for cash get it out with your visa card! |
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paul p
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If you rent it to local authority (council) they assure you in the contract that they will give it back to you in exactly the same state that it was given to them in so do a very thorough inventory before you give it to them and you will be fine. The only downside to this is you will receive a slightly reduced rent back from the property than if you rented privatly to an estate agent / management company. |
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cornyginger
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hang onto your house and rent out
so long as you can cover the mortgage and expenses with your rent you are no worse off
if when you return you decide you want to move to somewhere fresh you can do it then
but hang onto your security here |
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Andrew1968
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sell it and worry about it later!! |
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Luli
|
I think i'd rent out, you can always pay an estate agent to manage the property while you are away and still make a little profit.
As soon as you decide to stay in Oz though i'd sell it and buy over there, i think property is pretty much peaking. Cheap property is being built in the hundreds of thousands and that is going to effect the property values soon enough. |
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beanie89
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well my aunt & uncle moved to brussles and rented their's out, it has been good for them, but for other it might be difficult probably go with sell it then comeback and find some place else. |
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sajmir
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Don't be silly how can you sell you home not event rent it you going back in two years time will do you have relative near the house that and tell them if they can be able to open the window at list two ace in week because you house if big is not jest flat, if not like the ear ya is other thing than. |
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gurus nanak
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sell it to gypsys.. then before you leave the country.. burn it down and leg it. |
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