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Dreaming of buying your next home?

11 June 2019 | 5 min read
Before you know it, you’re dreaming of your next purchase.

Granted, the seed was probably sewn from a feeling of discontent – a frustrating lack of space, a strange sense of quiet or a burning need for a new environment and a fresh start.

So, let’s take a closer look at the most common reasons people choose to sell up, and buy up.

Your little family’s growing up

Babies take up very little room and toddlers spend more time in your bed than in theirs. In your family’s infancy things are challenging but manageable.

But, after a few years, the sheer volume of toys, pictures, and tripping hazards necessitates more storage, wall and floor space. It’s time to upsize for your own sanity.

Your grown family’s moving out

Your kids are all grown up. Now, they’ve moved into a place of their own, your priorities might be changing.

For many, working out just what those priorities are can be harder than you might think. Maintaining a large family home when there is no longer a large family to live in it can seem, well, pointless.

Selling it for something more manageable can free up funds to enjoy life’s pleasures such as travel, hobbies or volunteering – the possibilities are endless. A smaller home can lead to big changes in your lifestyle.

You crave a sea/tree change

Sometimes it can sneak up on you and sometimes it can hit you like peak hour traffic. You’re just not enjoying city life anymore.

It’s not just first home buyers looking for affordable property beyond the suburbs. Thousands of next home buyers are flocking to coastal and regional towns as well. A nicer home at half the price. A peaceful town in a picturesque setting. A commute similar to that of an outer suburb. Are you convinced yet?

Life just happened

Good, bad or otherwise, sometimes circumstances outside of your control dictate your life’s next chapter.

A thoughtful, well-planned purchase of your next home might help you take back the reins. Whatever stage of life you’re in, buying your next home is more than just a big dream, it’s a big decision.

For a little guidance (or to jump right in), chat with your local Bendigo Bank lender.

Note: This article contains general advice only. Readers should seek a trusted professional’s advice on financial matters.

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Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.

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