Hi, we have an I.p in Altona Meadows, first occupied june 85 it only has two years deprecation left on it. We bought it in 2005 have done well out of it.
Our dilema is are we better off holding it in two years, or doing it up to sell and buying something else. With the proceeds of the sale we would be able to pay out the mortgage on our own place of residence. It's funny we were scared to buy an investment property, now scared to sell. Would love to hear peoples opinions, whether they hold, or do up and sell and buy again, especially after doubling value, thanks.
Our dilema is are we better off holding it in two years, or doing it up to sell and buying something else. With the proceeds of the sale we would be able to pay out the mortgage on our own place of residence. It's funny we were scared to buy an investment property, now scared to sell. Would love to hear peoples opinions, whether they hold, or do up and sell and buy again, especially after doubling value, thanks.
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