Which of these properties would you sell?

Hi all, just doing some future planning.

This is my shortlist of properties that I'm willing to cull to hasten my transition to (hopefully) early retirement within the next 3-5 years.

Given that I'm heavily overweight in resi, the proceeds of the sales will be used to invest in blue chip, defensive stocks/LICs, predominantly to attain a reliable, fully franked dividend stream.

I'd appreciate if you could vote or advise which of the 7 you'd sell. I need to sell, probably 4 or 5 of the 7 you see.

I'd like you to consider future potential and LONG TERM growth as to which ones you'd keep vs other perspectives eg CGT liability, where we are in the property cycle for the respective cities etc.

 

I don't know any of the suburbs at all so I can't really comment. I would perhaps sell the ones you have had the biggest gains from and stagger the sales so that there is not CGT all in one year.

 

Probably going to need buy price. Current value. Rental yeild after costs to really judge.

 

You should also consider the CGT that would be payable on each as well as how much money would be left over after repaying associated loans secured on the properties.

Location may not matter too much if you had one fully paid off with a main residence CGT exemption for example.

 

I've already worked all that out. The CGT implication for each is different obviously - some owned longer than others. The Sydney ones have the greatest gains - no surprise there.

In general, would you get rid of the ones with the most gains (and corresponding CGT), or the opposite?

Still, I am basing my decision on which two/three of the I'd like to hold for the long term because once they're sold, all future profit and growth potential is gone.

 

I'd do this anyway- but the poll is more about which 2-3 are the most desirable holds.

 

You couldn't generalise based on this.
You need to consider
- ownership structure and income tax going forward
- land tax
- cash released
- CGT
- ability to substittute security for loans
- security for other loans
- estate planning

if your poll is about location then that is a different question.

 

OK, it is about location...because I've more or less worked out the rest on your list.

 

poor kogarah