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Originally she was talking about the place being worth around $450 000, which I thought was crazy. I wasn't even going to touch on the idea of buying her out at that price. But after the agents appraisal it seems like she was more open to a realistic price so it was worth it for me to buy her out.

Got the agent out and he said it would be worth max $420 000 as is. His fees would be about $10000. My sister was okay with me buying her out based on a total price of $410 000. So after an 80% lend I'll have to find about $40 000 extra to buy her out and then about $5000 stamp duty...

Yeah I'm not even going to bother trying to buy her out. Too much potential for things to go wrong with our relationship. I'll just sell up. But my main concern is how much work I should bother doing on the house and what effect it would have on the sale.

So the situation: Own 50% of a property with my sister. Sister wants to sell...it cost us $320 000 total including reno and stamp duty a couple of years ago. It gets us $600 to $750 gross rent per week depending on whether or not all the rooms are rented out (rented by the room). We pay...