We are moving in with my inlaws who are no longer able to care for themselves. We are considering whether to sell or lease out our house?
Financial situation:
House value $215000 (fully paid off) est weekly rent $270
Savings $60000
My husband is going to go back to uni and I am caring for his parents and our daughter so our combined income will be:
Study allowance $215 + $170 family tax + $300 carer payment per week

Hi Samantha,
That's a great question, my opinion would be to keep the house and rent it out. This would provide a nice addition to your incomes without eating into the capital or your savings.
If you were to sell, the cash would be great but the temptation to spend would also potentially mean that in 10 years time you would have nothing left?
I recommend you go to a financial planner and discuss your plans for the next 10 years and beyond so that you are fully aware of the options available to you and the resulting effects on your finances and your lifestyle
Best of luck
Regards
Scott