Hi there!
Haven't been here for a while and would like to pick your brain on the topic of, "to sell or not to sell."
This is the situation.
I have two investment properties in Sydney, one in the Campbelltown area and the other in the Liverpool area. My own property close to paid off from selling a few block of flats in Mt Isa in the good times. Also have bought recently a holiday home at a bargain price but I owe the lot on that and I would like to keep it.
The rental in Campbelltown makes a small loss and owes 240k worth around 300k now, the one in Liverpool is in positive territory, owes 130k worth 400k. Considering the little boom at the present time with first home buyers, I thought I will have to wait probably 3 years or more to see the current price again, however can not decide to sell, particularly the Campbelltown one since the small loss does not bother me and end up in the tax anyway. After agent fees and capital gain tax, I will have little to show for it.
On the other hand ... hum ... what do you think?
Thank you in advance
Marc
Haven't been here for a while and would like to pick your brain on the topic of, "to sell or not to sell."
This is the situation.
I have two investment properties in Sydney, one in the Campbelltown area and the other in the Liverpool area. My own property close to paid off from selling a few block of flats in Mt Isa in the good times. Also have bought recently a holiday home at a bargain price but I owe the lot on that and I would like to keep it.
The rental in Campbelltown makes a small loss and owes 240k worth around 300k now, the one in Liverpool is in positive territory, owes 130k worth 400k. Considering the little boom at the present time with first home buyers, I thought I will have to wait probably 3 years or more to see the current price again, however can not decide to sell, particularly the Campbelltown one since the small loss does not bother me and end up in the tax anyway. After agent fees and capital gain tax, I will have little to show for it.
On the other hand ... hum ... what do you think?
Thank you in advance
Marc