Hi All, New to the forum but would appreciate any feedback on how they see Hervey Bay tracking. Reason for asking, is that we bought an IP 2B townhouse in 2007 for $290K (unfortunately near the peak of the market) and it has been trending down ever since. Currently rented out for $260/wk until early November. It is an older complex of 6 2B townhouses, on the Esplanade. So right across from the beach and facing a park. The problem with Hervey Bay as I see it, was an oversupply of units/townhouses, GFC, loss of mining jobs and dependence on tourism. Bank valuation just came in at $240K, as we were looking at using it for security to purchase a PPOR in Perth. So this unfortunately means negative equity as we still owe $220K. It has always been negatively geared with probably costing us about $5K a year. Our aim with the purchase was more for CG and we bought it while we were working overseas and had a case of FOMO. So tossing up whether to just cut our losses or wait a little longer as we would really like to buy a place for ourselves and wanting to take advantage of the downturn in prices in Perth. We are currently renting and feel we are wasting rent money while properties are only getting more expensive. The selling agent I have been talking to says that the market is picking up in Hervey Bay and it would be a good time to list it with spring and everything. Also, saw that the HTW clock has Hervey Bay as picking up. There has been recent extension of a major shopping centre and new hospital which sounds promising for the economy. One negative with selling is that there is another one for sale in the complex at $240K and we were hoping to achieve $260K. So until that is sold, it will just keep the price down. So, in summary, with the other unit on the market are we just wasting time and money trying to achieve a higher price? And if the market really is picking up, we could wait another year? Thanks in advance.