Build to sell or rent

Discussion in 'Investment Strategy' started by Blackmores, 7th Dec, 2018.

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  1. Blackmores

    Blackmores Well-Known Member

    Joined:
    29th Sep, 2015
    Posts:
    112
    Location:
    Melbourne
    Hi guys,

    We are building a duplex in Doncaster Melbourne. Hopefully due for completion end of next year. Pretty bad timing given prices are expected to continue falling. We have already sold one.

    Thinking if we should rent out the other one or just sell it. Prices probably wouldn't be good then. We are leaning towards keeping one right now to rent out. It's a big home so probably looking at $950 pw rental when it's done.
     
  2. Lindsay_W

    Lindsay_W Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    4,982
    Location:
    QLD/Australia Wide
    Guess it depends if you could afford to hold it until the market improves? How long will that be? Not sure