Should I sell my Brisbane Unit ?

Brilliant thanks so much, am on to it now.

 

Sounds like selling it will be offering a savvy buyer a great buy from a distressed seller.

If the fundamentals are good and you can manage the CF/increase it in some way then I'd be keeping it for sure. Also boutique units long term are always in more demand than scrapers.

 

I can't see how in the long term that Indro won't perform from both a cash flow and cap growth (even if modest) perspective. The boxes that it ticked for you remain ticked.

I have a property in St Lucia that is not student accommodation and I've had to drop the rent to get a tenant, I think in 2 years it has been vacant 3 days though. As others have said rents fluctuate as supply fluctuates.

Don't panic.

 

Hi OP, just a thought: do you know whether there is any construction happening now on your street, or to access your street? It can be a big turn-off. Personal experience.

Another thought is to consider convert into fully-furnished. You dont need expensive furniture, and you probably cannot recoup all the cost. But it's can be a good strategy in attracting someone, considering a lot of students prefer FF.