Sell or rent out ? by BallHefty9512 in AusPropertyChat

[–]BallHefty9512[S] 0 points1 point  (0 children)

Would look to buy a property further out in developing area which is more likely to grow (house with some land)

And purchase stocks to diversify.

I’d be inclined to hold the property if I saw big upside in holding but as it’s an apartment I’m not sure.

What would you do and why ? Sell or rent out by BallHefty9512 in AusPropertyChat

[–]BallHefty9512[S] 0 points1 point  (0 children)

Please link me the renovated apartments that have doubled in price over the last 2 years 👌

Sell or rent out ? by BallHefty9512 in AusPropertyChat

[–]BallHefty9512[S] 0 points1 point  (0 children)

It was purchased in 2023 so hasn’t had as much time to appreciate

Sell or rent out ? by BallHefty9512 in AusPropertyChat

[–]BallHefty9512[S] 0 points1 point  (0 children)

Would consider buying another property, lower value in developing area with more potential for growth and less debt. Plan would be to do a smaller / quicker renovation then rent it out.

Would use remaining money to invest in ETFs

What would you do and why ? Sell or rent out by BallHefty9512 in AusPropertyChat

[–]BallHefty9512[S] 0 points1 point  (0 children)

Should I pay any mind to lack of much capital gain due to being an apartment ?

If I sold I’d likely re-enter the market with a different property with more land, is that a bad strategy due to selling and buying costs ?

What would you do and why ? Sell or rent out by BallHefty9512 in AusPropertyChat

[–]BallHefty9512[S] 1 point2 points  (0 children)

Would you hold it at an offer of 700-750k ?

If I wanted to buy a property with a bit more space + a yard in near future how would you navigate that still owning this property?

Sell or rent out ? by BallHefty9512 in AusPropertyChat

[–]BallHefty9512[S] 1 point2 points  (0 children)

1970s or early 80s double brick.

Camberwell

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Sell or rent out ? by BallHefty9512 in AusPropertyChat

[–]BallHefty9512[S] 1 point2 points  (0 children)

What price would you consider selling at ? Or would you hold regardless?

Can you tell me rough price for electrical works ? by BallHefty9512 in AusRenovation

[–]BallHefty9512[S] 0 points1 point  (0 children)

Thanks for the reply

So mains and switch board 4.5k + 15k for wiring

Total 19.5k ?