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I have owned a house in Perth for the past 9 months and Im thinking of selling it at the end of the year and buying again in Townsville, where I now live.
Main reasons being.. the house in Perth, although tenanted, is still difficult to pay for. I could sell it for at least an extra 100-150k than what I payed for it, and then put a large deposit on a place over here.
Im interested in buying a semi-run down place and then renovating myself while I am living in it, then renting it out again when Im done.
Does anyone think this would be a mistake? Any other thoughts are welcome.
Thanks
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