My partner bought a PPOR unit in Albion (ridley street) recently for $222k. Even though prices have not gone up for apartments in Albion or really in the last 5 years (we only settled a bit over a month ago) we are really happy with the purchase because of lifestyle factors and the fact holding costs generally (except maybe body corp special levies) are so low. Anyway if the apartment goes up to $300k in the next five years and we are ready to move on, should we sell it. From an investment point of view I say yes, however my partner is Russian and I can see it being used as a place that her parents live in who at the moment live in Russia. Whether her parents ever move to Australia is unknown, but because of this there is an argument to keep the unit. However my concerns are special levy body corporate fees. The apartment block is sort of old and seeing some other apartments on the block there could be some issues (IE. restumping of the property, fencing issues, etc.) If the property doesn't move much I'll say keep it and wait for the growth (if it ever happens). However if it goes up to $300k quickly (which can happen with apartments as it seems apartments go up in value in spurts for a couple of years) then I have a dilema considering the above. Thoughts appreciated.