Life / Thoughts on pro vs cons when moving to Poland from New Zealand with Polish wife and daughter. Living cost. [9]

Hi,

I think im in throws of a mid life crisis :). We are currently residing in New Zealand (im Kiwi) my wife is polish and we have a 4yr old daughter. Iam exploring the idea of moving to Poland mainly due to NZ becoming rather unaffordable at present for future generations and current ones for that matter, we have had a property boom that has seen my house go up 125% in 8yrs, great for me, but my daughter will never own her own home now, average is $1m+ ($700000 US). cost of living is increasing and wages are not (world story I guess).

So im looking at cashing in and having a complete life change. We would be starting out with about 1.5m zloty and looking in Krakow or opole regions , I would be looking at buying the family home plus maybe another house or decent flat as a rental, would this provide a decent base income? My wife is a teacher and would go back to this for the interim as well. What sort of income would give us a comfortable life (I know that's a subjective question) with trips back to NZ every 18months or so, family holidays and good schooling ect...I don't except to live like The Queen of England but a decent lifestyle. I will get a job/open business asap but my polish is very poor so until then I cant be counted on (atleast 1yr maybe more).

Is being mortgage free such a big deal in Poland or rents are cheap enough that's its not really an issue and I would be better of investing in a business /shares ect?

Thanks for reading

Real Estate / Rough idea on rental prices for Wroclaw, Poland [13]

Hi,

Im looking for a rough idea on how much rent I could generate for an apartment in Wroclaw. Im looking at spending 440-550k, so something thats at a fairly good standard and in a decent location. Would furnished be a good idea or at these sort of prices would most tenants have their own furniture and sorts?

Im also considering Opole, obviously not spending the same amount. I feel 1 decent apartment in Wroclaw would be easy then 2 medium ones in Opole, Population and Wroclaw being a nicer city as well (no offence Opole haha). Im looking at supplementing my income not trying to solely live of it.

What sort of management costs would be applicable as well?

Im able to spend more if needed, I have an amount that i would like to generate from rental/s, however I dont have a bottomless pit of money obviously haha

Thank you.