Reasons - Why did we choose to live in Albury / Wodonga

When we moved back to Australia in 2009 we had decided to live in Melbourne.   However after some consideration we decided what we really wanted was to be more self sufficient.  We started to write down our concerns and what we wanted out of life.  Here's some of those things that I can explore more in depth over time.

Land

Peak Oil: Petrol is going to get more expensive and things made of oil are going to be more expensive.  This makes food harder to grow and to find.  Electricity costs will rise.

Climate Change: There's going to be more unpredictable weather.  Crops will be unavailable and there'll be more and more natural disasters.

Distance:  We knew we'd like to be close to a decent sized city so we could get all we need and be part of a community.  The main reason we need to be close however is to get decent speed  internet access. (Hopefully we will have this at Widget Grove).  So we made a goal of being 20kms from a city. 

Access & Facilities : This city should have schools, shops, transport (Airport, trainstation, bus station).  We also want an environmental community.  As we circled our way on a map out from Melbourne we found Albury suited our needs the best for these things.

Size:  From the get go we knew we wanted land.  We've explored houses from 1/4 acre up to 50 acres.  We knew at the very least 1/3 would be the minimum we could do all we wanted with.

Price:  We considered prices more after we lived in the area for a while.  Properties I liked were well above $500,000.  We were on the lookout for a place for less than $400,000 with a decent sized house with land attached.

Planning for the future

I read a book again that I've had for years 'Your Mortgage and How to Pay it off in Five Years' By Anita Belle.   Although Anita's story is from the past when affordable housing seemed to be more common it is full of great tips for sticking to a budget and planning to get ahead.   Her biggest message is So what if you pay your  house off in 29 years instead of 30, that's already a huge saving.   She reminded me about compound interest and how powerful it is.  Also that we should start thinking about our retirement.   So what I've done is come up with a basic 10 year plan of making mortgage repayments, extra repayments and putting a little away for our future as well.

What we have left to pay on our mortgage

The end result is that i've created a graphic breaking the principal of our mortgage down into little blocks, and we can aim to pay it off $300 at a time.  Some of this will come from normal repayments, some from extra repayments and some from offsetting savings by storing them in the line of credit account.  32 x 40 + 3. 1283  Squares.

A New House

 

We bought a new house which comes with some land. All together it's 1.7 acres. We get the Keys and Settle the purchase on November 1st. We're so excited that we've set up this website to allow others to follow our journey. We'll use this space to keep records of changes and goals as well. The idea is that Jan and I will both blog on here. Over time we might add our weather station records and other geeky things to it as well.

Pages

Subscribe to Widget Grove RSS