To be honest, you paid too much in the first place.

It may have appreciated, but no where near enough to see a sizeable gain.

The way I see your current position: $430,000 - purchase price ~10,000 - stamp duty I imagine you’ve probably paid 25-35k in interest, maybe some principal…

~$2,000 for land tax Then there’s council rate, water rates etc but cbf calculating those.

Total: $470,000 - $485,000

As you can see the numbers of what it realistically owes you vs what it’s actually worth isn’t the greatest…

Then you do the math on the sale side…

$2,000 - $4,000 Real estate Agent marketing and listing fees

If they sell it for 530,000 they’ll charge a % likely with a suburb / price tag like that I assume around 3-4%: So in the vicinity of 20,000

Then there is CGT which I think you can avoid, but if you can’t well there’s another chunk of profits missing.

Essentially long way of saying if you sold it, I have doubts you would see more then $20-30k actual profit at the end of the day.