Yup. Then buying a place outright in a few years.. It has more to do with the sudden jump in equity we have in our home and high interest rates. My personal opinion is that there's little growth left in the Aussie capital cities market for the next 15-20 years. So we take our cut now, put it into somewhere with growth, hold on for a few years and buy a place mortgage free. If we can time it.. Of course there's lots of things that can go wrong in there and lots of risk. But we will likely have to move to a new city if I want work in my chosen field too so there's no need to hodl our house.
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That could totally make sense, as long as Bitcoin trends upwards over the right timespan. Especially if you plan to move cities sooner or later.
My wife and I are pretty set on staying where we are for the forseeable future, so the home is an investment, but it's also a *home*. If it increases in value, that's great, but that's not the first or only concern.
Yeah the sudden equity in our place was a surprise brought about by the effects of gov policy surrounding covid. We bought this place 9.5 years ago assuming we'd be here for maybe 20-30 years... That was well before covid and we'll before I started university. You never really know what will happen. It's been a real blessing for us but maybe it will be time to move on soon.