Unsure what to do, advice would be appreciated

Hi everyone,
I live in rural vic at the moment, i live in a house i bought for $180k around 4 years ago with my wife and 3 children, its value at the moment is around $250k. I now owe $80k on the loan and we are planing to move to outside a main city where i can buy a house for similar value. Im not sure if i should pay off the loan which should take around 2-3 years, or move in a few months while my wife gets settled in with our newborn. There are a few options but i would appreciate some feedback, i am 24 and abit naive financially. I earn around 60k a year.
Cheers

 

If you are going to move into a new place you would want to keep youur money to pay that loan off first, generally, as this would create a better tax outcome.

 

Is there a goal to invest and/or build wealth?

 

You earn $60k pa, have 4 dependants and can pay off an $80k debt in 2-3 years, well done sir, very well done

You may have equity, but serviceability isn't great.
You should obtain some advice from a broker, plenty here might chip in
@Jess Peletier