July 19, 2023 • 28 mins
With settlement just around the corner, today's diarist is currently at the pointy end of selling a property. But her story is a little different because she's selling her half to her ex. She's $10,000 deep in legal fees so far, but the silver lining is that the house is now worth more than double since they built it in 2019. And with a big profit to look forward to, this is her chance to set herself up for life!
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Property Playbook would like to acknowledge the traditional custodians
of the lands of where this podcast is recorded. There
were wondry people of the cooler nations acknowledging the culture,
the history, and the connection to the lands of what
we call home. Let's get into it.
Speaker 2 (00:27):
Hello, and welcome back to The Property Playbook, the podcast
where we take you from A to V of all
things property. My name is Jessica Ricky, and I'm hoping
that one day i can buy my first home. But
until then, I'm chatting to people from our community along
the way to learn a little bit more about their
stories to hopefully selfishly help myself and you at home. Today,
I've got a diarist who has been on what sounds
(00:50):
like a little bit of a journey, so let me
tell you what she said. Hi, team, big fan over here.
I'm currently at the pointy end of selling a property
with settlement just around the corner. But my story is
little different to the usual sale. I'm selling half to
my ex. He's buying me out of the property. It's
been hairy, to say the least. I'm over ten thousand
dollars deep into legal fees so far, but we built
(01:11):
the house together, and it's now worth more than double
since then, almost double and a half. Also, I have
a silly big profit coming my way soon, and this
is my chance to set myself up for life, all
thanks to tips learned from She's on the Money Property Diarist.
Thank you so much for joining me today. How are you?
Speaker 3 (01:27):
Thank you for having me? I'm good. Thanks, How are you?
Speaker 2 (01:30):
I'm really good. I'm interested to hear a little bit
more about how this has worked for you, because we
did a diary recently with somebody who purchased with someone
who wasn't a partner. It was her brother and she's
being brought out by him. But it's obviously a very
different scenario to what you found yourself in. So I'm
interested to dive in and hear a little bit more
(01:50):
about your experience. But let's start at the top, and
can you tell me when and where did you guys purchase.
Speaker 3 (01:56):
We purchased in twenty nineteen in the out of supper
of Melbourne that a nar and a half from Melbourne
in a small coastal town.
Speaker 2 (02:04):
Oh beautiful, what a dream near the coast. How much
did you earn at the time and what were you
doing for work.
Speaker 3 (02:11):
So at the time I was working as a disability
support worker. I was earning about, I think from memory,
about sixty five thousand dollars a year. And my partner
at the time was earning quite similar.
Speaker 2 (02:23):
What was he doing for work?
Speaker 3 (02:25):
He was a trades assistant.
Speaker 2 (02:27):
Yeah, okay, amazing. And how much did you guys spend
on that total purchase?
Speaker 3 (02:33):
I think I've tried to crunch the numbers. I think
from memory we're looking at about forty five thousand dollars
down payment. We then, of course had first home owners
grand and other kind of schemes like that that came
into it.
Speaker 2 (02:47):
So that forty five thousand dollars was your deposit that
you put down. How much was the purchase of the house.
Speaker 3 (02:53):
The purchase of the house for the land we purchased
for one hundred and ninety five thousand dollars, and then
we built the house on that property on that land
for about two hundred and sixty five thousand dollars in total.
So all up, around four hundred and seventy was the
total spent.
Speaker 2 (03:11):
Okay, not bad for coastal living. That sounds quite nice.
Speaker 3 (03:14):
We're quite lucky.
Speaker 2 (03:15):
Yeah, when you guys were looking. What were your list
of non negotiables.
Speaker 3 (03:19):
We knew we wanted to be on a decent sized block.
We didn't want to be on a really tiny block
where the houses are touching the roofs, sort of the
next door neighbor. In terms of the size of the house,
we knew we wanted two living spaces. We love watching
different shows and all those sorts of things, so we
didn't want to have to be in the one living
space all.
Speaker 2 (03:38):
The time, fighting over who's putting it on the TV.
Speaker 3 (03:41):
Absolutely, yeah, So we wanted to make sure we had
two living spaces. We wanted a double garage, We wanted
expare bedrooms for whatever we needed them for. And I
really wanted a nice big kitchen that was going to
be that central living point when people come over at
the house and just as I say, the heart of
the home.
Speaker 2 (03:59):
Yeah, to cook love it. Yeah, Oh that's so fun.
Were you looking specifically at that coastal area? Were you
from that area or what made you choose I suppose
that location.
Speaker 3 (04:11):
Yeah, so my partner at the time was from that area.
I grew up about fifteen minutes down the road a
neighboring suburbs, so not too far, and it was just
a really beautiful location, lots of friends and family around
their really popular holiday destination, and we could just see
ourselves at the time living there long.
Speaker 2 (04:28):
Term, yeah, and being really happy. Did you guys use
any government schemes or grants to kind of help you
along the way with that purchase?
Speaker 3 (04:35):
We did, so. We utilized the first home owners grant
at the time, which was the twenty thousand dollars. Obviously
as a couple, we only got to utilize that once. Yes,
and we also had our stamp duty refunded, so that
was about ten thousand dollars that came back to us
post settlement of the property, so that really helped us
(04:55):
along the way as well.
Speaker 2 (04:56):
Really good to get you in, but frustrating, as you
pointed out, that you can only use it once and
then obviously you've used it in a joint venture, which
means that now unfortunately, if you were to go off
and do it by yourself, you don't have the chance
to use it again, which is I can see how
that would be really frustrating. But it's awesome that you
were able to use that to get in, you know
when you did, and it sounds like it's gone pretty
well for you in terms of the profit, so that's
(05:18):
really really fun looking back. Is there anything about your
journey that you would want to change.
Speaker 3 (05:26):
I think it's a hard one to ask.
Speaker 2 (05:28):
It's a tough question, it really is.
Speaker 3 (05:30):
Yeah, it's very tough. I think at the time it
was exactly what I wanted, and it was exactly what
we wanted as a couple. I would probably reconsider probably
more material things at the home in terms of really
capitalizing on its value and the potential of the location,
things like that. But in terms of the whole journey,
(05:52):
I think we were very lucky to be able to
enter the first enter the market as the first homeowners
when we did, quite young in our early twenties at
the time, and I mean, hindsight's a wonderful thing with
our relationship obviously not working out, but I think it
was the right thing at the right time, and it's
(06:14):
provided so many learning opportunities, both financially and just personally
as well in terms of what's important and you know,
what matters to us and our values and things. So
it's probably not a very good answer, No, it's.
Speaker 2 (06:31):
About back at the answer. You can't, I guess The
summary of what you're saying, and the summary of what
people often say to me, is that you are where
you are because of what happened. And you know you
didn't enter into this expecting things to go badly. I
don't think anybody ever does. You wouldn't take on such
a big obligation like buying a house if you thought
things were going to go south. And it's awful and
(06:53):
sad that they did. However, you know you were doing
the best you could with the information and the resources
that you had then, and I think that that's a
really great thing. And the fact that you think that
you've learned from it and hopefully that will be able
to propel you on your journey now is just really
really great. Yes, one agree, Let's go to a really
quick break, because when we come back, I want to
(07:13):
talk to you a little bit more about how this
whole situation has panned out. Don't go anywhere, guys, Welcome
back everybody. Today we're chatting to a property diarist who
purchased with a partner and is now trying to sell
her half back to her ex, which just sounds like
a very sticky situation. I get the tone from your
(07:34):
original letter that it's not the most amicable of breakups.
Would that be right?
Speaker 3 (07:38):
Yeah, that's correct. It's been definitely a hairy situation. It's
had plenty of ups and downs. You're along the way.
There's been moments of amicable decisions, and then there's been
moments of not being able to agree on anything at all.
But I think where it's heading at the moment is
definitely for the best, and we all live and learn
(07:59):
from our mistakes are now experiences, and I'm really excited
for what's to come next once we settle in the
next couple of days.
Speaker 2 (08:08):
Oh, I'm so excited. That's so close, in the next
couple of days. How crazy. How long has the process been,
kind of negotiating, going back and forth, figuring things out.
Speaker 3 (08:17):
It's been about eighteen months now, Yeah, far too long
since we separated and I moved out of the property. Yeah,
it's been close to eighteen months of trying to get
this settled and still having that financial attachment has been
really hard as well.
Speaker 2 (08:34):
Yeah. Well, because for most people, I think a breakup
is obviously emotionally very taxing at the best of times,
even if it's a very amical, very easy, very straightforward breakup.
But then obviously with this you're having to go back
and forth. As you're said, you're having maybe disagreements here
and there, and I can imagine sometimes you just want
to be like, okay, I never want to look at
you again, Like I'm just I want to be done.
I want to cut the cord. I want to I
(08:55):
just want to move on with my life. But selling
a property can be a really calm, complex endeavor as well.
Obviously the market's been really crazy here in Victoria. It's
been all over the shop, so I don't know how
easy that sales process was for you. I want to
know how he's living in the property, so logistically, how
is that working? Is he covering? Is he paying rent?
(09:16):
I suppose to be staying there or are you guys
still splitting the mortgage fifty to fifty?
Speaker 3 (09:21):
Yeah, so when I moved out, there was an agreement
that he wanted to stay there. I chose to leave
the property before all we had settled, and so he
has just taken over those payments. So I do still
keep an eye on them on the online banking app
to ensure they're being paid. Of course, my credit history
is at risk there if it wasn't to be paid.
Speaker 2 (09:42):
Very clever of you to think about that.
Speaker 3 (09:45):
Yeah, I guess it's when there's a bit of a
hostility in the situation. I suppose you just need to
consider all avenues. And obviously his credit history is at
risk as well, so he's not done anything wrong in
that regard. But I've just been keeping a close eye
on it, and he's continued to make the repayments. Whereas
previously we were paying fifty to fifty when we lived together.
Speaker 2 (10:06):
Yeah, did you both contribute equally to your deposit and
your expenses along the way?
Speaker 3 (10:11):
Initially my partner at the time had a slightly bigger
deposit than me. I had at the time just returned
from traveling overseas, so naturally spent a lot of my
savings on that trip. When we went into the property,
probably bit earlier than we expected. I think he contributed
about thirty thousand dollars more than me. But from that
(10:34):
moment we contributed fifty to fifty for absolutely everything.
Speaker 2 (10:38):
Yeah, okay, And now with the sale of this house,
how are you approaching that? Are you going we just
split it directly down the middle? Are you accounting for
that extra money? That he contributed at the start, Did
you have any agreement in place around this or did
you kind of just go, oh, we're so excited to
get into our first property. We'll figure it out. Obviously
(10:59):
love blinkers around and not thinking it's going to go badly.
Speaker 1 (11:02):
Yeah.
Speaker 3 (11:02):
So back in twenty eighteen, when we first went into
this plan, prior to building, I always had said that
if we were able to separate, that I would happily
let him have that difference back or extra I suppose
in terms of a settlement. So by all means, I've
kept my word, and I'm maintaining that he is entitled
(11:24):
to his money back that he put in above what
I did. Coming to an agreement on how to actually
settle the property has been the most challenging thing, which
is where the legal fees have come into this. The
most challenging thing to begin with was deciding or agreeing
I should say, on an agreed value of the property.
So at the time we had a number of local
(11:45):
real estate agents inspect the property with the idea of
obviously finding out what they would think it should sell
for where we should be listing it for, say a
at and if he was to buy me out, what
would be be looking at in terms of that equity
of the property other than that thirty thousand dollars. It
was about looking at fifty to fifty of the equity.
So the challenging part I guess that's followed since then
(12:09):
was the property was valued by the agents, which I
should highlight is not a form of property valuation, it's
just the appraisal. But the local agents were quite adamant
that the property should be listed at nine hundred and
fifty thousand dollars, which is well and truly more than
double the current mortgage or four hundred thousand dollars.
Speaker 2 (12:31):
Yeah, that's a huge jump in not that long of
a time either, in what four years correct?
Speaker 3 (12:36):
Yeah? Four years, And so that made the buyout figure
of fifty percent of that equity far too unachievable for
him in trying to negotiate between selling the property and
maybe trying to negotiate a buyout offer, I guess there's
been lots of complicated factors, but I've accepted a much
(12:57):
lower buyout in the interest of getting this over and
with So I suppose there's no other better way to
say it than get it over and done. With so
in terms of coming to a greed amount, we've agreed
on the property being listed as all valued as eight
hundred thousand dollars, which is far below what the market
(13:17):
value is.
Speaker 2 (13:18):
Yeah wow, Yeah, So theoretically seventy five thousand dollars less
of what you were entitled to, which is a huge
amount of money.
Speaker 3 (13:26):
Huge amount of money. And I mean there was a
lot of factors that came into that decision. It was
about the interest of I guess the market was quite
slow at the time. So over the past twelve months,
particularly where we're located, the market has certainly slowed down.
I wouldn't say that it's dropped, but you know, interest
rate rises obviously having an impact on that, and just
inflation and general cost of living things impacting everyone. And
(13:51):
at the end of the day, it's discussing me more
in legal fees to discuss this matter and to try
and fight over it. So I was willing to just
sort of cut my losses, I suppose, and be still
really grateful for the amount that I'd be walking away with.
Speaker 2 (14:05):
You're not out of pocket, which is a win.
Speaker 3 (14:07):
I'm certainly not out of pocket, and I'm in a
really lucky position where it's still worked out for the best.
I can wholeheartedly say that, but yeah.
Speaker 2 (14:16):
It's a challenging situation. Still, I don't think anyone would
very easily say, oh, I'm happy to give up seventy
five grand, like that's a huge amount of money to
walk away from, regardless of what situation or how or why.
What is the reasoning I suppose for? In my mind,
the logic I guess would be, Okay, well, he can't
afford to pay out the agreed value or the market value.
(14:39):
But in my mind, I guess the next logical step
would be to go, okay, well, if neither of us
can afford that buyout, let's just sell it and split
the money. So what's happening there? Is it that he's
really adamant that he wants to remain in the property.
Speaker 3 (14:52):
Yeah, that's right. So we actually did put the house
on the market. Oh really, Yeah, we did get to
that point where he was not able to accept I
guess that value in terms of a buyout. So we
did put the house on the market. It lasted on
the market for about a week until he came back
to me and said, no, I can actually come to
(15:12):
this amount, like this is going to you know, get this,
I suppose wrapped up. My parents are going to help
me and whatever else he had planned financially and in
the interest of keeping the peace and getting things moving
along after such a long, drawn out, really difficult experience,
I was just so ready to move on, and so
(15:32):
I accepted his much lower buyout figure. However, that was
now over six months ago, and it's still not resolved completely.
Speaker 2 (15:41):
And what's the delay there? Like, what's now holding it up?
Because obviously, if you'd taken it to market, sold it
to a buyer, you'd have your regular settlement date of
however many days that the buyer and yourself agreed to,
and then you'd be kind of like, okay, great, bingo, bango,
thank you, we're all done. Whereas here it's obviously a
bit more complex. But it sounds like you came to
the place where you agreed on the value. You're like, okay, great,
(16:03):
Like you've compromised. You've come to the table to meet
him at the price that he can afford. So what
has now I suppose postponed that sale so long.
Speaker 3 (16:13):
So I guess where we're at today is that settlement
is booked in to occur in the next couple of days,
which is really great. But leading up to this week,
it had just been us opposed, the hostility between us,
and just the tension in coming to an agreement. There's
obviously a house full of furniture and joint belongings that
were purchased.
Speaker 2 (16:32):
Equally, I hadn't even thought about that.
Speaker 3 (16:35):
Yeah, so building a brand new house, we obviously furnish
it from scratch. As first homeowners, basically for years we
just worked and saved and bought everything brand new outright
as we could afford it. And then you've got the
you know, the assets there as well, You've got cash
savings that you're kind of arguing over. There's just so
many factors. So I guess in terms of what's delated,
(16:58):
it's more just been finalizing the ins and outs. It's
been communicating through lawyers. It's been just trying to get
things sorted amongst the rest of our daily lives as well.
I mean, it's it's worth noting that working full time
life's busy enough rather than trying to get all this
stuff sorted as well. And so yeah, just I expose
(17:19):
coming to that agreement and actually waiting for things to
go through court. We did have to get consent orders,
which is I suppose more financially binding than an agreement,
but it's where we had a magistrate to prove the
orders of what was to occur and put a date
on there. And there's just yes, so many factors.
Speaker 2 (17:38):
Yeah, it sounds incredibly complex. I can't imagine juggling that
alongside just the normal demands of living a life, as
you said, working a job, doing the things that you
have to do every day, and then dealing with this huge,
emotionally draining situation on the side. Are you okay? Is
your mental health doing all right? Because I can't, I
(17:59):
honestly can't fathom dealing with all of that, and then
I guess the stress of giving up the extra money
and the challenges that then also just come with going
through a breakup, which is never fun at the best
of times.
Speaker 3 (18:11):
Yeah, thank you for asking. No, I'm doing really good.
Thank you. It's obviously been really challenging eighteen months or
more and it continues to really test me. But I'm
doing really good. I mean a really good place. I'm
really well supported by friends, family, colleagues, and I'm just
really happy with where my life is ash and know
that I've made the right decisions. So yeah, as hard
(18:31):
as it is, I know that there's light end of
the tunnel, and I'm really excited for what's to come next.
As I said in my letter, there's a large profit
coming my way, and I'm really excited to set myself
up financially now for the future.
Speaker 2 (18:43):
I'm so excited for you. Talk to me about that future.
What's next for you on your journey? Do you plan
on buying property again by yourself? Do you plan on renting?
Do you want to just sit on it for a
little bit, because obviously coming into a huge sum of
money is a little bit overwhelming, I would imagine when
it's such a big amount, especially based off of what
you originally paid.
Speaker 3 (19:05):
Yes, absolutely, I've been over this so many times. What
I'm going to do with it? My first thought was
to see a financial advisor to get proper advice.
Speaker 2 (19:14):
Love it.
Speaker 3 (19:15):
But the first thing I'm doing is, I mean the
process of buying a house at the moment, Oh my gosh, congratulations,
thank you so not putting down the entire profit, but
I would say probably sixty percent of it is going
into a property. So I've got a unit under contract
at the moment, which is obviously subject to my finance
(19:35):
going through the next couple of days, so that's just
all about to go through. My plan is though it
does have tenants in there, so I'll continue to rent
it out to them until I feel ready to within
them myself. In the meantime, I planning on renting with
my boyfriend. I have got a new partner, so just
sort of lots of new things to consider in terms
(19:56):
of finances. Obviously my decisions have they're going to affect me,
but also our future plans and trying to protect myself
for the future as well. Once the unit is purchased
and all goes through, I am going to see a
financial advisor to get some advice in terms of setting
up I guess my investment portfolio and whether I look
(20:20):
at my superannuation and other sort of areas where I
might be able to put a nice little buffer of
money just to sort of get me on the right track.
I want to also ensure that I have a really
good emergency fund left over. I don't want to spend
it all. I don't want to see it just disappear.
I just want to see a bit of it as
(20:40):
a backup, and I suppose as an investment property, you
need to have that emergency funding as well in case,
you know, you never know if they help, water system
might break or something like that that you're going to
be responsible for. And I'm going to go on a
really big holiday home, so he's going to get some
travel done at the end of the year.
Speaker 2 (20:54):
I think you deserve it. I think so too well
earned and well deserved. How do you feel about being
a landlord? That's exciting, that's a new adventure. Y, it's
a bit weird.
Speaker 3 (21:06):
Well, you've never even rented before.
Speaker 2 (21:08):
You've never rented, oh my goodness.
Speaker 3 (21:10):
Never rented. Very lucky to live with my parents while
we saved to build, and obviously my parents had rented
in the past, but I haven't. My partner at the
moment rents, and so even that's a bit of a
weird concept for me. I guess it's just the privilege
of the position I've been in where I've not rented
a property before. But I am looking forward to I
(21:31):
guess just knowing that I have my own place that's
there for me to move into when I'm ready. Whether
that's with my partner or not. I think it's a
bit of an ick feeling knowing the cost of my
mortgage or payments are not going to be covered by
their rent. But I'm also very mindful of putting their
rent up. I know the stress that people are under
(21:53):
to make ends meet as it is, so I know
that I'm going to be contributing a little bit out
of pocket myself each week. But I'm really excited to
just know that I'm going to have a place of
my own that's going to be mine forever. It's really
essential to the CBD. It's just perfect for what I
am looking for, whether it's now laid down the track,
and I just I really hope I can hold onto
this property for the long term.
Speaker 2 (22:14):
That's very kind. I think your tenants will really appreciate
that you're being considered of their situation, as well as
obviously the financial position that you'll be in with the
new mortgage. The one last thing I wanted to kind
of ask you about is obviously you've now seen how
things cannot work out and how difficult it can be,
no matter what kind of rose color glasses or what
(22:35):
kind of hopes you have when you enter into something
with a partner and you now are in a wonderful
new relationship, what steps, if any, have you taken to
protect yourself because obviously this asset that you've bought, this unit,
it's all yours, and that's amazing. But obviously you know,
depending on what your future holds, if you became de
facto or anything like that, there's a little extra layer
(22:56):
of complexity. So have you thought about that at all?
Speaker 1 (23:00):
Yeah?
Speaker 3 (23:00):
Absolutely have So. The lawyer that's been assisting me with
the settlement and the other sort of matters regarding my
property with my ex partner and I have been speaking
about this and given it such a large sum of
money that I'll be technically in the legal terms bringing
into the relationship compared to what my partner has. I
(23:23):
am in the process of getting a financial agreement drawn up.
My partner is very understanding and respectful that, as much
as obviously hopes will never be needed, he knows that
based on the experience I've had the past eighty months,
two or so years even longer, that I just I
need this to be mine and mine only, and not
nothing that I can lose in the future. I guess
(23:44):
that's The first thing I want to do is just
make sure that property can't be I suppose take him
from me or sold or you know him take over
half of it or anything like that. And then in
terms of our other finances, I'm just really mindful of
keeping our finances separate, ensuring we pay for things equally,
ensuring we still have our own decision making around our
(24:07):
finances and our goals. We certainly do things together and
have goals together, like our overseas trip, but we just
we're keeping our finances separate for now and just really
being mindful. As much as we're a partnership, it's still
early days for me and I need to protect myself
in that way.
Speaker 2 (24:23):
I totally understand. I've been with my partner for almost
seven years and we operate our finances almost completely independently,
and I'm hoping to buy a house by myself, and
I had to have that same conversation that you did
around saying, hey, like, it's not about you, it's just
if I do this. I've worked really hard for it
and that's important to me. So I totally understand where
you're coming from with that. And it's actually funny say
(24:46):
that we had a community member right intoshes and the
money very recently and ask about how to have that
kind of a conversation with their partner and how to
bring it up, because it can be a little bit,
I guess, confronting, especially if your partner wasn't expecting it
to turn around to say, hey, by the way, I
want you to sign a legal document, and it can
make people feel a bit on edge or like they're
(25:06):
not trusted. How did you bring it up? What did
that conversation go, like, was it ongoing or did you
go out to dinner one night and kind of ease
him into it.
Speaker 3 (25:15):
Yeah, it's definitely a hard thing to bring up. I
think i'd been sort of talking about from the beginning
with my partner that I was going through this still
kind of messy separation and trying to get the properties settled,
and that I guess I never want to go through
it ever again. And he kind of knew that from
the start, so he's been really understanding. I think I
(25:36):
just dropped it in conversation one day when I was
starting to look at properties to buy again, and I
think form a memory, I just said to him, like,
you know, I want a financial agreement here. This is
going to be my property and no one's going to
take this from me. And yeah, he's been surprisingly really understanding.
Of course, as you said, it's that I guess, that
question of not being trusted and what not, but he
(25:58):
also can see what I've been through and how messy
it can get, and yeah, he completely respects my wishes
in that department.
Speaker 2 (26:05):
That's wonderful. I'm so happy for you that you found
a partner who's supportive and it sounds like you're absolutely
on your way to thriving. Before we head off, property, Diarist,
is there any last thoughts or anything that you want
to share with the people listening at home.
Speaker 3 (26:19):
I think my advice would be that your happiness is
worth so much more than a house, and coming from
that place of fear of not wanting to leave a
relationship where you're financially set up and you've got the
house and you've got everything that seems perfect from the
outside in, there is light on the other side. There
is hope at the end, and you know there is
(26:42):
light at the end of the tunnel. The bricks and
mortar of a house should not keep you in a
relationship that you're not happy in there's so many more
houses out there. You know, it's so worth your happiness
to leave those places that no longer serve you. And
you shouldn't be held back by the fear of, you know,
not being able to buy a house again, or not
being able to set yourself up, because your happiness is
(27:03):
worth so much more than the bricks and mortar.
Speaker 2 (27:05):
One hundred percent. You deserve to be happy. And you know,
you're a perfect example of how things don't go the
way that you thought, but they can change and you
can come out the other side and it can all
work out for the better. So I think that's the
perfect place to leave it.
Speaker 3 (27:18):
Thank you so much.
Speaker 2 (27:19):
Well, guys, I think that's about all we have time
for today. If you liked this episode, leave us a
little review. I'm working really hard. I'm doing my best.
Give me some love. If you want to talk more property,
We've got the Facebook group as well as in Instagram,
where people are sharing tips and tricks every single day.
It's such a wholesome, supportive place to hang out. You
can find us on either platform by searching Property playbook aus.
(27:42):
Let's quickly wrap the boring but important stuff the advice
shared on the Property Playbook is generally in nature and
does not consider your individual circumstances. The Property Playbook exists
purely for educational purposes and should not be relied upon
to make an investment or a financial decision. And that's
about it for today, so thank you for tuning in
and see you next week. Bye guys, MHM.
The Property Playbook would like to acknowledge the traditional custodians
of the lands of where this podcast is recorded. There
were wondry people of the cooler nations acknowledging the culture,
the history, and the connection to the lands of what
we call home. Let's get into it.
Speaker 2 (00:27):
Hello, and welcome back to The Property Playbook, the podcast
where we take you from A to V of all
things property. My name is Jessica Ricky, and I'm hoping
that one day i can buy my first home. But
until then, I'm chatting to people from our community along
the way to learn a little bit more about their
stories to hopefully selfishly help myself and you at home. Today,
I've got a diarist who has been on what sounds
(00:50):
like a little bit of a journey, so let me
tell you what she said. Hi, team, big fan over here.
I'm currently at the pointy end of selling a property
with settlement just around the corner. But my story is
little different to the usual sale. I'm selling half to
my ex. He's buying me out of the property. It's
been hairy, to say the least. I'm over ten thousand
dollars deep into legal fees so far, but we built
(01:11):
the house together, and it's now worth more than double
since then, almost double and a half. Also, I have
a silly big profit coming my way soon, and this
is my chance to set myself up for life, all
thanks to tips learned from She's on the Money Property Diarist.
Thank you so much for joining me today. How are you?
Speaker 3 (01:27):
Thank you for having me? I'm good. Thanks, How are you?
Speaker 2 (01:30):
I'm really good. I'm interested to hear a little bit
more about how this has worked for you, because we
did a diary recently with somebody who purchased with someone
who wasn't a partner. It was her brother and she's
being brought out by him. But it's obviously a very
different scenario to what you found yourself in. So I'm
interested to dive in and hear a little bit more
(01:50):
about your experience. But let's start at the top, and
can you tell me when and where did you guys purchase.
Speaker 3 (01:56):
We purchased in twenty nineteen in the out of supper
of Melbourne that a nar and a half from Melbourne
in a small coastal town.
Speaker 2 (02:04):
Oh beautiful, what a dream near the coast. How much
did you earn at the time and what were you
doing for work.
Speaker 3 (02:11):
So at the time I was working as a disability
support worker. I was earning about, I think from memory,
about sixty five thousand dollars a year. And my partner
at the time was earning quite similar.
Speaker 2 (02:23):
What was he doing for work?
Speaker 3 (02:25):
He was a trades assistant.
Speaker 2 (02:27):
Yeah, okay, amazing. And how much did you guys spend
on that total purchase?
Speaker 3 (02:33):
I think I've tried to crunch the numbers. I think
from memory we're looking at about forty five thousand dollars
down payment. We then, of course had first home owners
grand and other kind of schemes like that that came
into it.
Speaker 2 (02:47):
So that forty five thousand dollars was your deposit that
you put down. How much was the purchase of the house.
Speaker 3 (02:53):
The purchase of the house for the land we purchased
for one hundred and ninety five thousand dollars, and then
we built the house on that property on that land
for about two hundred and sixty five thousand dollars in total.
So all up, around four hundred and seventy was the
total spent.
Speaker 2 (03:11):
Okay, not bad for coastal living. That sounds quite nice.
Speaker 3 (03:14):
We're quite lucky.
Speaker 2 (03:15):
Yeah, when you guys were looking. What were your list
of non negotiables.
Speaker 3 (03:19):
We knew we wanted to be on a decent sized block.
We didn't want to be on a really tiny block
where the houses are touching the roofs, sort of the
next door neighbor. In terms of the size of the house,
we knew we wanted two living spaces. We love watching
different shows and all those sorts of things, so we
didn't want to have to be in the one living
space all.
Speaker 2 (03:38):
The time, fighting over who's putting it on the TV.
Speaker 3 (03:41):
Absolutely, yeah, So we wanted to make sure we had
two living spaces. We wanted a double garage, We wanted
expare bedrooms for whatever we needed them for. And I
really wanted a nice big kitchen that was going to
be that central living point when people come over at
the house and just as I say, the heart of
the home.
Speaker 2 (03:59):
Yeah, to cook love it. Yeah, Oh that's so fun.
Were you looking specifically at that coastal area? Were you
from that area or what made you choose I suppose
that location.
Speaker 3 (04:11):
Yeah, so my partner at the time was from that area.
I grew up about fifteen minutes down the road a
neighboring suburbs, so not too far, and it was just
a really beautiful location, lots of friends and family around
their really popular holiday destination, and we could just see
ourselves at the time living there long.
Speaker 2 (04:28):
Term, yeah, and being really happy. Did you guys use
any government schemes or grants to kind of help you
along the way with that purchase?
Speaker 3 (04:35):
We did, so. We utilized the first home owners grant
at the time, which was the twenty thousand dollars. Obviously
as a couple, we only got to utilize that once. Yes,
and we also had our stamp duty refunded, so that
was about ten thousand dollars that came back to us
post settlement of the property, so that really helped us
(04:55):
along the way as well.
Speaker 2 (04:56):
Really good to get you in, but frustrating, as you
pointed out, that you can only use it once and
then obviously you've used it in a joint venture, which
means that now unfortunately, if you were to go off
and do it by yourself, you don't have the chance
to use it again, which is I can see how
that would be really frustrating. But it's awesome that you
were able to use that to get in, you know
when you did, and it sounds like it's gone pretty
well for you in terms of the profit, so that's
(05:18):
really really fun looking back. Is there anything about your
journey that you would want to change.
Speaker 3 (05:26):
I think it's a hard one to ask.
Speaker 2 (05:28):
It's a tough question, it really is.
Speaker 3 (05:30):
Yeah, it's very tough. I think at the time it
was exactly what I wanted, and it was exactly what
we wanted as a couple. I would probably reconsider probably
more material things at the home in terms of really
capitalizing on its value and the potential of the location,
things like that. But in terms of the whole journey,
(05:52):
I think we were very lucky to be able to
enter the first enter the market as the first homeowners
when we did, quite young in our early twenties at
the time, and I mean, hindsight's a wonderful thing with
our relationship obviously not working out, but I think it
was the right thing at the right time, and it's
(06:14):
provided so many learning opportunities, both financially and just personally
as well in terms of what's important and you know,
what matters to us and our values and things. So
it's probably not a very good answer, No, it's.
Speaker 2 (06:31):
About back at the answer. You can't, I guess The
summary of what you're saying, and the summary of what
people often say to me, is that you are where
you are because of what happened. And you know you
didn't enter into this expecting things to go badly. I
don't think anybody ever does. You wouldn't take on such
a big obligation like buying a house if you thought
things were going to go south. And it's awful and
(06:53):
sad that they did. However, you know you were doing
the best you could with the information and the resources
that you had then, and I think that that's a
really great thing. And the fact that you think that
you've learned from it and hopefully that will be able
to propel you on your journey now is just really
really great. Yes, one agree, Let's go to a really
quick break, because when we come back, I want to
(07:13):
talk to you a little bit more about how this
whole situation has panned out. Don't go anywhere, guys, Welcome
back everybody. Today we're chatting to a property diarist who
purchased with a partner and is now trying to sell
her half back to her ex, which just sounds like
a very sticky situation. I get the tone from your
(07:34):
original letter that it's not the most amicable of breakups.
Would that be right?
Speaker 3 (07:38):
Yeah, that's correct. It's been definitely a hairy situation. It's
had plenty of ups and downs. You're along the way.
There's been moments of amicable decisions, and then there's been
moments of not being able to agree on anything at all.
But I think where it's heading at the moment is
definitely for the best, and we all live and learn
(07:59):
from our mistakes are now experiences, and I'm really excited
for what's to come next once we settle in the
next couple of days.
Speaker 2 (08:08):
Oh, I'm so excited. That's so close, in the next
couple of days. How crazy. How long has the process been,
kind of negotiating, going back and forth, figuring things out.
Speaker 3 (08:17):
It's been about eighteen months now, Yeah, far too long
since we separated and I moved out of the property. Yeah,
it's been close to eighteen months of trying to get
this settled and still having that financial attachment has been
really hard as well.
Speaker 2 (08:34):
Yeah. Well, because for most people, I think a breakup
is obviously emotionally very taxing at the best of times,
even if it's a very amical, very easy, very straightforward breakup.
But then obviously with this you're having to go back
and forth. As you're said, you're having maybe disagreements here
and there, and I can imagine sometimes you just want
to be like, okay, I never want to look at
you again, Like I'm just I want to be done.
I want to cut the cord. I want to I
(08:55):
just want to move on with my life. But selling
a property can be a really calm, complex endeavor as well.
Obviously the market's been really crazy here in Victoria. It's
been all over the shop, so I don't know how
easy that sales process was for you. I want to
know how he's living in the property, so logistically, how
is that working? Is he covering? Is he paying rent?
(09:16):
I suppose to be staying there or are you guys
still splitting the mortgage fifty to fifty?
Speaker 3 (09:21):
Yeah, so when I moved out, there was an agreement
that he wanted to stay there. I chose to leave
the property before all we had settled, and so he
has just taken over those payments. So I do still
keep an eye on them on the online banking app
to ensure they're being paid. Of course, my credit history
is at risk there if it wasn't to be paid.
Speaker 2 (09:42):
Very clever of you to think about that.
Speaker 3 (09:45):
Yeah, I guess it's when there's a bit of a
hostility in the situation. I suppose you just need to
consider all avenues. And obviously his credit history is at
risk as well, so he's not done anything wrong in
that regard. But I've just been keeping a close eye
on it, and he's continued to make the repayments. Whereas
previously we were paying fifty to fifty when we lived together.
Speaker 2 (10:06):
Yeah, did you both contribute equally to your deposit and
your expenses along the way?
Speaker 3 (10:11):
Initially my partner at the time had a slightly bigger
deposit than me. I had at the time just returned
from traveling overseas, so naturally spent a lot of my
savings on that trip. When we went into the property,
probably bit earlier than we expected. I think he contributed
about thirty thousand dollars more than me. But from that
(10:34):
moment we contributed fifty to fifty for absolutely everything.
Speaker 2 (10:38):
Yeah, okay, And now with the sale of this house,
how are you approaching that? Are you going we just
split it directly down the middle? Are you accounting for
that extra money? That he contributed at the start, Did
you have any agreement in place around this or did
you kind of just go, oh, we're so excited to
get into our first property. We'll figure it out. Obviously
(10:59):
love blinkers around and not thinking it's going to go badly.
Speaker 1 (11:02):
Yeah.
Speaker 3 (11:02):
So back in twenty eighteen, when we first went into
this plan, prior to building, I always had said that
if we were able to separate, that I would happily
let him have that difference back or extra I suppose
in terms of a settlement. So by all means, I've
kept my word, and I'm maintaining that he is entitled
(11:24):
to his money back that he put in above what
I did. Coming to an agreement on how to actually
settle the property has been the most challenging thing, which
is where the legal fees have come into this. The
most challenging thing to begin with was deciding or agreeing
I should say, on an agreed value of the property.
So at the time we had a number of local
(11:45):
real estate agents inspect the property with the idea of
obviously finding out what they would think it should sell
for where we should be listing it for, say a
at and if he was to buy me out, what
would be be looking at in terms of that equity
of the property other than that thirty thousand dollars. It
was about looking at fifty to fifty of the equity.
So the challenging part I guess that's followed since then
(12:09):
was the property was valued by the agents, which I
should highlight is not a form of property valuation, it's
just the appraisal. But the local agents were quite adamant
that the property should be listed at nine hundred and
fifty thousand dollars, which is well and truly more than
double the current mortgage or four hundred thousand dollars.
Speaker 2 (12:31):
Yeah, that's a huge jump in not that long of
a time either, in what four years correct?
Speaker 3 (12:36):
Yeah? Four years, And so that made the buyout figure
of fifty percent of that equity far too unachievable for
him in trying to negotiate between selling the property and
maybe trying to negotiate a buyout offer, I guess there's
been lots of complicated factors, but I've accepted a much
(12:57):
lower buyout in the interest of getting this over and
with So I suppose there's no other better way to
say it than get it over and done. With so
in terms of coming to a greed amount, we've agreed
on the property being listed as all valued as eight
hundred thousand dollars, which is far below what the market
(13:17):
value is.
Speaker 2 (13:18):
Yeah wow, Yeah, So theoretically seventy five thousand dollars less
of what you were entitled to, which is a huge
amount of money.
Speaker 3 (13:26):
Huge amount of money. And I mean there was a
lot of factors that came into that decision. It was
about the interest of I guess the market was quite
slow at the time. So over the past twelve months,
particularly where we're located, the market has certainly slowed down.
I wouldn't say that it's dropped, but you know, interest
rate rises obviously having an impact on that, and just
inflation and general cost of living things impacting everyone. And
(13:51):
at the end of the day, it's discussing me more
in legal fees to discuss this matter and to try
and fight over it. So I was willing to just
sort of cut my losses, I suppose, and be still
really grateful for the amount that I'd be walking away with.
Speaker 2 (14:05):
You're not out of pocket, which is a win.
Speaker 3 (14:07):
I'm certainly not out of pocket, and I'm in a
really lucky position where it's still worked out for the best.
I can wholeheartedly say that, but yeah.
Speaker 2 (14:16):
It's a challenging situation. Still, I don't think anyone would
very easily say, oh, I'm happy to give up seventy
five grand, like that's a huge amount of money to
walk away from, regardless of what situation or how or why.
What is the reasoning I suppose for? In my mind,
the logic I guess would be, Okay, well, he can't
afford to pay out the agreed value or the market value.
(14:39):
But in my mind, I guess the next logical step
would be to go, okay, well, if neither of us
can afford that buyout, let's just sell it and split
the money. So what's happening there? Is it that he's
really adamant that he wants to remain in the property.
Speaker 3 (14:52):
Yeah, that's right. So we actually did put the house
on the market. Oh really, Yeah, we did get to
that point where he was not able to accept I
guess that value in terms of a buyout. So we
did put the house on the market. It lasted on
the market for about a week until he came back
to me and said, no, I can actually come to
(15:12):
this amount, like this is going to you know, get this,
I suppose wrapped up. My parents are going to help
me and whatever else he had planned financially and in
the interest of keeping the peace and getting things moving
along after such a long, drawn out, really difficult experience,
I was just so ready to move on, and so
(15:32):
I accepted his much lower buyout figure. However, that was
now over six months ago, and it's still not resolved completely.
Speaker 2 (15:41):
And what's the delay there? Like, what's now holding it up?
Because obviously, if you'd taken it to market, sold it
to a buyer, you'd have your regular settlement date of
however many days that the buyer and yourself agreed to,
and then you'd be kind of like, okay, great, bingo, bango,
thank you, we're all done. Whereas here it's obviously a
bit more complex. But it sounds like you came to
the place where you agreed on the value. You're like, okay, great,
(16:03):
Like you've compromised. You've come to the table to meet
him at the price that he can afford. So what
has now I suppose postponed that sale so long.
Speaker 3 (16:13):
So I guess where we're at today is that settlement
is booked in to occur in the next couple of days,
which is really great. But leading up to this week,
it had just been us opposed, the hostility between us,
and just the tension in coming to an agreement. There's
obviously a house full of furniture and joint belongings that
were purchased.
Speaker 2 (16:32):
Equally, I hadn't even thought about that.
Speaker 3 (16:35):
Yeah, so building a brand new house, we obviously furnish
it from scratch. As first homeowners, basically for years we
just worked and saved and bought everything brand new outright
as we could afford it. And then you've got the
you know, the assets there as well, You've got cash
savings that you're kind of arguing over. There's just so
many factors. So I guess in terms of what's delated,
(16:58):
it's more just been finalizing the ins and outs. It's
been communicating through lawyers. It's been just trying to get
things sorted amongst the rest of our daily lives as well.
I mean, it's it's worth noting that working full time
life's busy enough rather than trying to get all this
stuff sorted as well. And so yeah, just I expose
(17:19):
coming to that agreement and actually waiting for things to
go through court. We did have to get consent orders,
which is I suppose more financially binding than an agreement,
but it's where we had a magistrate to prove the
orders of what was to occur and put a date
on there. And there's just yes, so many factors.
Speaker 2 (17:38):
Yeah, it sounds incredibly complex. I can't imagine juggling that
alongside just the normal demands of living a life, as
you said, working a job, doing the things that you
have to do every day, and then dealing with this huge,
emotionally draining situation on the side. Are you okay? Is
your mental health doing all right? Because I can't, I
(17:59):
honestly can't fathom dealing with all of that, and then
I guess the stress of giving up the extra money
and the challenges that then also just come with going
through a breakup, which is never fun at the best
of times.
Speaker 3 (18:11):
Yeah, thank you for asking. No, I'm doing really good.
Thank you. It's obviously been really challenging eighteen months or
more and it continues to really test me. But I'm
doing really good. I mean a really good place. I'm
really well supported by friends, family, colleagues, and I'm just
really happy with where my life is ash and know
that I've made the right decisions. So yeah, as hard
(18:31):
as it is, I know that there's light end of
the tunnel, and I'm really excited for what's to come next.
As I said in my letter, there's a large profit
coming my way, and I'm really excited to set myself
up financially now for the future.
Speaker 2 (18:43):
I'm so excited for you. Talk to me about that future.
What's next for you on your journey? Do you plan
on buying property again by yourself? Do you plan on renting?
Do you want to just sit on it for a
little bit, because obviously coming into a huge sum of
money is a little bit overwhelming, I would imagine when
it's such a big amount, especially based off of what
you originally paid.
Speaker 3 (19:05):
Yes, absolutely, I've been over this so many times. What
I'm going to do with it? My first thought was
to see a financial advisor to get proper advice.
Speaker 2 (19:14):
Love it.
Speaker 3 (19:15):
But the first thing I'm doing is, I mean the
process of buying a house at the moment, Oh my gosh, congratulations,
thank you so not putting down the entire profit, but
I would say probably sixty percent of it is going
into a property. So I've got a unit under contract
at the moment, which is obviously subject to my finance
(19:35):
going through the next couple of days, so that's just
all about to go through. My plan is though it
does have tenants in there, so I'll continue to rent
it out to them until I feel ready to within
them myself. In the meantime, I planning on renting with
my boyfriend. I have got a new partner, so just
sort of lots of new things to consider in terms
(19:56):
of finances. Obviously my decisions have they're going to affect me,
but also our future plans and trying to protect myself
for the future as well. Once the unit is purchased
and all goes through, I am going to see a
financial advisor to get some advice in terms of setting
up I guess my investment portfolio and whether I look
(20:20):
at my superannuation and other sort of areas where I
might be able to put a nice little buffer of
money just to sort of get me on the right track.
I want to also ensure that I have a really
good emergency fund left over. I don't want to spend
it all. I don't want to see it just disappear.
I just want to see a bit of it as
(20:40):
a backup, and I suppose as an investment property, you
need to have that emergency funding as well in case,
you know, you never know if they help, water system
might break or something like that that you're going to
be responsible for. And I'm going to go on a
really big holiday home, so he's going to get some
travel done at the end of the year.
Speaker 2 (20:54):
I think you deserve it. I think so too well
earned and well deserved. How do you feel about being
a landlord? That's exciting, that's a new adventure. Y, it's
a bit weird.
Speaker 3 (21:06):
Well, you've never even rented before.
Speaker 2 (21:08):
You've never rented, oh my goodness.
Speaker 3 (21:10):
Never rented. Very lucky to live with my parents while
we saved to build, and obviously my parents had rented
in the past, but I haven't. My partner at the
moment rents, and so even that's a bit of a
weird concept for me. I guess it's just the privilege
of the position I've been in where I've not rented
a property before. But I am looking forward to I
(21:31):
guess just knowing that I have my own place that's
there for me to move into when I'm ready. Whether
that's with my partner or not. I think it's a
bit of an ick feeling knowing the cost of my
mortgage or payments are not going to be covered by
their rent. But I'm also very mindful of putting their
rent up. I know the stress that people are under
(21:53):
to make ends meet as it is, so I know
that I'm going to be contributing a little bit out
of pocket myself each week. But I'm really excited to
just know that I'm going to have a place of
my own that's going to be mine forever. It's really
essential to the CBD. It's just perfect for what I
am looking for, whether it's now laid down the track,
and I just I really hope I can hold onto
this property for the long term.
Speaker 2 (22:14):
That's very kind. I think your tenants will really appreciate
that you're being considered of their situation, as well as
obviously the financial position that you'll be in with the
new mortgage. The one last thing I wanted to kind
of ask you about is obviously you've now seen how
things cannot work out and how difficult it can be,
no matter what kind of rose color glasses or what
(22:35):
kind of hopes you have when you enter into something
with a partner and you now are in a wonderful
new relationship, what steps, if any, have you taken to
protect yourself because obviously this asset that you've bought, this unit,
it's all yours, and that's amazing. But obviously you know,
depending on what your future holds, if you became de
facto or anything like that, there's a little extra layer
(22:56):
of complexity. So have you thought about that at all?
Speaker 1 (23:00):
Yeah?
Speaker 3 (23:00):
Absolutely have So. The lawyer that's been assisting me with
the settlement and the other sort of matters regarding my
property with my ex partner and I have been speaking
about this and given it such a large sum of
money that I'll be technically in the legal terms bringing
into the relationship compared to what my partner has. I
(23:23):
am in the process of getting a financial agreement drawn up.
My partner is very understanding and respectful that, as much
as obviously hopes will never be needed, he knows that
based on the experience I've had the past eighty months,
two or so years even longer, that I just I
need this to be mine and mine only, and not
nothing that I can lose in the future. I guess
(23:44):
that's The first thing I want to do is just
make sure that property can't be I suppose take him
from me or sold or you know him take over
half of it or anything like that. And then in
terms of our other finances, I'm just really mindful of
keeping our finances separate, ensuring we pay for things equally,
ensuring we still have our own decision making around our
(24:07):
finances and our goals. We certainly do things together and
have goals together, like our overseas trip, but we just
we're keeping our finances separate for now and just really
being mindful. As much as we're a partnership, it's still
early days for me and I need to protect myself
in that way.
Speaker 2 (24:23):
I totally understand. I've been with my partner for almost
seven years and we operate our finances almost completely independently,
and I'm hoping to buy a house by myself, and
I had to have that same conversation that you did
around saying, hey, like, it's not about you, it's just
if I do this. I've worked really hard for it
and that's important to me. So I totally understand where
you're coming from with that. And it's actually funny say
(24:46):
that we had a community member right intoshes and the
money very recently and ask about how to have that
kind of a conversation with their partner and how to
bring it up, because it can be a little bit,
I guess, confronting, especially if your partner wasn't expecting it
to turn around to say, hey, by the way, I
want you to sign a legal document, and it can
make people feel a bit on edge or like they're
(25:06):
not trusted. How did you bring it up? What did
that conversation go, like, was it ongoing or did you
go out to dinner one night and kind of ease
him into it.
Speaker 3 (25:15):
Yeah, it's definitely a hard thing to bring up. I
think i'd been sort of talking about from the beginning
with my partner that I was going through this still
kind of messy separation and trying to get the properties settled,
and that I guess I never want to go through
it ever again. And he kind of knew that from
the start, so he's been really understanding. I think I
(25:36):
just dropped it in conversation one day when I was
starting to look at properties to buy again, and I
think form a memory, I just said to him, like,
you know, I want a financial agreement here. This is
going to be my property and no one's going to
take this from me. And yeah, he's been surprisingly really understanding.
Of course, as you said, it's that I guess, that
question of not being trusted and what not, but he
(25:58):
also can see what I've been through and how messy
it can get, and yeah, he completely respects my wishes
in that department.
Speaker 2 (26:05):
That's wonderful. I'm so happy for you that you found
a partner who's supportive and it sounds like you're absolutely
on your way to thriving. Before we head off, property, Diarist,
is there any last thoughts or anything that you want
to share with the people listening at home.
Speaker 3 (26:19):
I think my advice would be that your happiness is
worth so much more than a house, and coming from
that place of fear of not wanting to leave a
relationship where you're financially set up and you've got the
house and you've got everything that seems perfect from the
outside in, there is light on the other side. There
is hope at the end, and you know there is
(26:42):
light at the end of the tunnel. The bricks and
mortar of a house should not keep you in a
relationship that you're not happy in there's so many more
houses out there. You know, it's so worth your happiness
to leave those places that no longer serve you. And
you shouldn't be held back by the fear of, you know,
not being able to buy a house again, or not
being able to set yourself up, because your happiness is
(27:03):
worth so much more than the bricks and mortar.
Speaker 2 (27:05):
One hundred percent. You deserve to be happy. And you know,
you're a perfect example of how things don't go the
way that you thought, but they can change and you
can come out the other side and it can all
work out for the better. So I think that's the
perfect place to leave it.
Speaker 3 (27:18):
Thank you so much.
Speaker 2 (27:19):
Well, guys, I think that's about all we have time
for today. If you liked this episode, leave us a
little review. I'm working really hard. I'm doing my best.
Give me some love. If you want to talk more property,
We've got the Facebook group as well as in Instagram,
where people are sharing tips and tricks every single day.
It's such a wholesome, supportive place to hang out. You
can find us on either platform by searching Property playbook aus.
(27:42):
Let's quickly wrap the boring but important stuff the advice
shared on the Property Playbook is generally in nature and
does not consider your individual circumstances. The Property Playbook exists
purely for educational purposes and should not be relied upon
to make an investment or a financial decision. And that's
about it for today, so thank you for tuning in
and see you next week. Bye guys, MHM.
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