Selling 2 investment properties to buy another home?

Discussion in 'Investment Strategy' started by Mermaid, 23rd Aug, 2019.

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  1. TMNT

    TMNT Well-Known Member

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    Does your username have anything to do with your choice:)
     
    TMNT, 26th Aug, 2019
    #41
  2. Lacrim

    Lacrim Well-Known Member

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    OK in context, if you ever move back to Sydney...do you have a PPOR to return to?

    I don't flit in and out of markets eg Sydney just because I think we're in for a slow period or downswing. Some people on the forum are proponents of this 'strategy' but it's not my style. I buy quality assets and hold on to them, possibly ad infinitum.

    Anyway, I'd be inclined not to sell. Once done, they're gone. Maybe you can buy back in, maybe not....I don't know your situation.

    Personally, I'd opt to rent in the GC if the aim is to return to Syd at some point. OR, if you can somehow wrangle it, borrow more and buy a place in the GC if where you're moving to proves to be the bees knees.

    Horses for courses, but Mermaid Waters vs Bronte or Randwick....Bronte/Randwick wins IMHO.
     
    Lacrim, 26th Aug, 2019
    #42
  3. Mermaid

    Mermaid Well-Known Member

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    Yes, not very original I know :)
     
    Last edited by a moderator: 27th Aug, 2019
    Mermaid, 26th Aug, 2019
    #43
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