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to consider this another way, the property market either goes up, sideways or down. In which of these scenarios would you be wanting to hold a property that costs you money each week? Then consider where is this property? A heavily mining dependent town. Where is the economic cycle? Nationally...

you dont need a credit licence to vendor sale your own property.For a one off you may be best to get someone else to do it for you though

I agree sell, but on vendor terms. You won't need to pay an agent, you can sell it at it's debt value and the buyer picks up the servicing. It's a walk away which is better than facing further capital losses, crystalising losses or enduring a cash grind

just so the message is not lost... investigate vendor finance instalment sales. IMO this is the best solution to this problem

there is no opportunity cost as there is no money available. Indeed the cost of exiting will create the opportunity cost

hmm I think they need to reassess risk, reports from on the ground (see other thread running on this) is that there are fields of equipment parked up. The offsetting factor is that rates will most likely be slashed before mid year to try and arrest consumer confidence but what that will do for...

you are stuck, it is cheaper to hold than sell it. My concern with you holding is the downturn in mining and how hard that will hit the brisbane market. This is a candidate for sale by instalment contract.