Edwin
Initially, we were on our own in house hunting, and it was all new to both of us. Brendan did extensive research on interest rates, housing prices, etc. – he was taking a very cautious approach to spending such a large amount of money. Because he was tracking the numbers closely, by late last year he was well aware that the housing market was peaking and would be likely to drop 10-20% in 2022 (especially once the Reserve Bank of Australia got around to raising interest rates). We needed a house to live in ASAP, but given these market conditions we weren’t willing to be extravagant. And, as previously noted, having another half to full million to spend would not have given us many more options: there just aren’t enough houses.