Being both landlords and renters offers us flexibility, but sometimes my husband feels guilty we've moved the kids so much
Courtesy of Melissa Noble
- My husband and I decided to relocate from Melbourne to Bright, Australia, three years ago.
- We own our home in Melbourne and decided not to sell it.
- Renting it out to tenants and finding a rental in Bright offers us flexibility.
Three years ago, my family moved from Melbourne to Bright, Australia. We'd lived in Melbourne for eight years and were ready for a change.
One night in October 2021, my husband put an idea on the table. He asked if I wanted to turn over a new leaf and move to Bright, where his family was based. We'd already vacationed there plenty of times, and I'd enjoyed it, so I said, "Sure, let's do it." Soon, we were planning our escape from Melbourne.
We decided not to sell our home in Melbourne when we moved
We'd been living in the home we'd bought together for four years, and though we were ready to leave Melbourne, I had reservations about selling. We also didn't want to buy in Bright because I didn't know whether I'd enjoy living in such a small town. I suggested we spend a year there and then reassess after that.
The first major hurdle we faced was finding a place to live. Though small, Bright is a popular tourist destination known for its wineries, hiking, and gold rush history. It's surrounded by beautiful mountains and is a short drive from Mount Hotham, a popular ski resort. Rental properties in the area are in short supply, but we were lucky enough to find accommodation at a friend's place while they were overseas for the year. We relocated at the end of January 2022 and rented out our home in Melbourne to tenants.
Our family quickly fell in love with the slower pace of country life. Later that year, in August, we welcomed our third child to the family.
Courtesy of Melissa Noble
Renting in Bright means we have more flexibility
As a growing family, we needed our own space, so in January 2023, we moved into a simple three-bedroom house conveniently close to town. Then, last October, we found our current rental home — a beautiful three-bedroom, two-bath property in a green, family-friendly part of Bright.
My favorite thing about the property is the big back garden. Birds love it, too, and pink galahs and crimson rosellas visit every day. There are three small vegetable plots where we grow tomatoes and strawberries, and my children spend hours outdoors in nature.
Financially, renting where we want to live and owning a property elsewhere has been a good decision. Our rent each week is less than our weekly mortgage repayment (which is pretty much covered by the tenants), so we are essentially saving money.
Renting also means we can move freely and live where we can't afford to buy. Bright is much more expensive than Melbourne, and the median house price is over $1 million. We get to live here while paying off our mortgage in Melbourne, and that's a big drawcard.
We might not rent forever, but it works for us for now
Sometimes, my husband feels guilty about the kids not having a "proper" family home. They've never owned a pet because it's easier to get a rental property without one, and that makes me sad. Our son is 9 years old, and he's lived in six different houses, which is not ideal. But I try to think of it as a positive — it certainly keeps life interesting!
While my husband and I don't want to rent forever, for the time being, it's working well for us. When the market in Melbourne picks up, we may decide to sell our property there and buy one in Bright. But renting has definitely given us options.