QLD Sell, Switch, Hold??

Discussion in 'Property Analysis' started by Clayton, 17th Dec, 2017.

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  1. Clayton

    Clayton Well-Known Member

    Joined:
    21st Nov, 2016
    Posts:
    122
    Location:
    Melbourne
    If these were your properties (numbers in the spreadsheet) which one would you sell so you could do a security switch & purchase a Gold Coast property. Current thinking is switch out the Lynbrook townhouse which I've has the 6 year PPOR discount CG on. I cannot purchase any further due to foreign income serviceability, loan switch seems to be the only option. Plan is to relocate to the Gold Coast & the security switch I'm guessing makes more financial sense than holding all properties & renting for the foreseeable future?

    Next part of the equation is, do I use this an opportunity to offload Gladstone, take a massive capital loss & counter balance the loss with the gain on Sydney? I'd need to sell once I move back to Aus to obtain the 50% CG discount. Super thanks in advance for any input
     

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    Clayton, 17th Dec, 2017
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