Dropbear Dreams and Mortgage Nightmares: A Guide for Aussie Borrowers

Let’s face it, Aussies love a good laugh, and the fabled drop bear takes the cake (or should we say, knocks you off a branch for it?). But for some borrowers, the question might be more serious than a playful tourist trap. Can you really entrust your prized home to a cuddly (or not-so-cuddly) drop bear while you’re on holiday? And more importantly, will it impact your mortgage or home insurance? Let’s untangle the myth from the mortgage reality.

The Drop Bear Debunked:

The truth is, drop bears are figments of our collective larrikin spirit. While these furry fiends might make for great pub stories, they’re not real. So, there goes your dream (or nightmare) of a drop bear house sitter.

Real House Sitters and Real Risks:

Now, back to the land of the living. When it comes to house sitters, it’s crucial to choose someone reliable and responsible. Here are some tips:

  • Friends, family, or trusted references: Start with your inner circle or ask for recommendations from reliable sources.
  • House-sitting platforms: Vet potential house sitters through reputable platforms with verification processes.
  • Clear communication: Establish clear expectations regarding house and pet care, and ensure they understand emergency protocols.

Insurance Implications:

So, how does your house sitter choice affect your insurance? Most home insurance policies cover unoccupied dwellings for a limited period (usually 30-60 days). However, some policies might have specific requirements for house sitters, such as being over a certain age or having references. Check your policy details and inform your insurer about any house sitter arrangements, especially for extended periods.

Mortgage Matters:

Now, let’s address the mortgage. As long as your house is properly looked after and your mortgage payments are up-to-date, your loan shouldn’t be affected by your house sitter choice. However, some lenders might have specific conditions regarding property maintenance during your absence, so check your loan agreement for any details.

The Takeaway:

While a drop bear house sitter might be a fun thought experiment, the real world requires responsible planning. Choose a reliable house sitter, communicate clearly, and ensure your insurance and mortgage terms are met. This way, you can enjoy your vacation knowing your home is in safe hands (minus any mythical drop bear invasions, of course!).