So I’m currently unemployed and my landlord is selling - I have four weeks to get out. I’m finding it terribly hard to get a rental in Melbourne.
Im 34, single and live alone ($400 per week). Most equivalent places are $450 per week.
I have $75k in savings and about $25 in crypto (have lost half since the crash).
This entire ordeal of being kicked out has caused a great deal of stress. I don’t want to go through this again, so I’m considering buying but in FNQ.
Im not really sure what to do - take a place in Melbourne for $450 a week, keep trying at employment and save very small amounts once I get a job or look to move to Cairns with the plan to buy in 6 months once I have a steady job. I can get an apartment for 300k there and with 70K savings the repayments will be pretty decent (much less than $450 weekly rent Melb)
I feel like I’m wasting so much money renting but given I can’t get a loan until employed I’m sorta screwed either way. Im also feeling pressured given I could be homeless in a few weeks and feel like I need to accept anything to avoid that even if that means wasting $$ on rent in Melbourne even though I have no intention of buying here given the prices and being single.
If it wasn’t for my pets I’d probably couch surf but I have a lot of household items too.
Any suggestions - I’ve barely been sleeping. Unfortunately I have no family - my mum died last year and I’m estranged from my dad.
OP's account has been banned as it was detected as a ghost / duplicate account. They have been instructed to continue their forum conversations using their original (older) Ozbargain account. (John678)