Hi All, I have been reading posts in this forum for while, however, this is the first time I post here for a question. It will be much appreciated if you guys would please give me some advice. I own a very large apartment (much larger than the standard one), which has 2 basement car parks on one of the main roads in Hawthorn, which its value app $900 K (no mortgage, hold it for 10 years+, there are 14 apartments in the block). It is renting at $550 p/w before expenses and management fee in this current market. I am single, no kids, 52 years old. My total incomes after deducting all living expenses is $3 K per month. The property next doors is about to be demolished and the developer is going to build a new apartment block which will cover the sun into our living room. Q: Should I sell my apartment in this market and buy a new property somewhere else? - If so, where is the best place to buy for both average cash flow + capital growth in future ? - Is it worth to do it? after paying selling commission, CGT and stamp duty, or just leave the current one and rent it out cheap? Thanks in advance for your help.