What are people's thoughts on when to sell an IP? The usual scenarios seem to be long-term hold or develop, and that makes sense from a strategy point of view, but what about for an 'accidental' IP? Scenario: 2/2/1 townhouse purchased brand new as PPOR for a single person 9 years ago Property became an IP 2 years later when the single became a couple Current tenants about to vacate, which brings the simmering 'should I sell' issue to the surface The property is not one I would intentionally buy as an IP (not that I am a property person, shares are more my thing). Rental return after expenses and deductions is very low. Reasons for keeping the property initially were a combination of 'fallback' / reluctance to let go, and diversifying my investments away from shares. I have now emotionally moved on and don't see myself ever returning to live there, but the second reason remains valid. Rental return does not justify keeping the property. Capital growth has been good, but how much further can this run? Is there a sweet spot for selling in terms of the age of a property? (I realize this time may have already passed). If I sell I am up for CGT, but of course this will be the case whenever I sell. If I delay until retirement I could possibly pay CGT at 34.5% instead of 39% tax rate, but that is only about $10k-$12k difference so probably not as big a consideration as some of the other factors. If I sell, I then have to work out what to do with the money it frees up. Stick it into something I am comfortable with (shares) or toughen up and purchase a 'real' IP or two. That's a whole separate topic! By nature, I am fairly risk adverse. I am also at a point where both me and my spouse could lose our (IT) jobs to offshoring and may look to retire. We are almost at a point where we could live off investments etc. We don't have the sort of buffer we would like yet, and it would not be a flash existence (no $100k pa retirement income like some of you talk about!), but it gives a lot of peace of mind. So, not blowing myself up and losing the $ is more important to me than taking risks to make more. I'd appreciate some thoughts. Thanks.