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Sorry I think I read your post too quickly! At least they can claim their capital losses at tax time. There must be something that will perform better than that property. I have an IP in Hervey Bay that has done nothing for 2.5 yrs and if it wasn't on a fixed int rate I would be selling, even if...

They should sell it if they have savings that they can also add to the $40,000 and buy something else that has better prospects (near transport, shops etc). $170,000 might the best offer they get for a while? It's hard to make the decision to sell but if they can put the money into another IP it...