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Thanks for the link Westminster :) I appreciate everyone's thoughtful input.

The suburb is Travancore, near Flemington/Ascot Vale here in Melbourne. I am now thinking more along the lines of keeping it......the selling market isn't great at the moment and even the tenant who moved out said that if the new rent was within his price bracket then he would be interested...

Thanks for your thoughts Wylie and Savoys. You are right Wylie, we don't need the $$ from a sale right now, but I'm a bit worried that if we re-let the property, it will get knocked about and by the time we do want/need to sell, we'll have to put $$ into it again. Mind you, in the 15 years...

Hello, Have been a lurker for a while now, read lots and lots and have finally posted now that I really need some advice. Apologies in advance if I ramble....I'm not sure how much info is required for people to give advice. I purchased a 1 bedroom 60's built apartment in inner Melbourne in...