I'm in the same boat. Own a property up there that is neutrally geared. I spoke with a couple of agents up there early in the new year and they seemed to think that things will pick up later in the year, especially if the carbon tax is scrapped. I'd hang in there for at least another year or 2, it's a notoriously up and down market up there and you'll be selling at the bottom if you put it up for sale now