Hey everyone,
I currently live in a new house i built and moved into late last year in the suburb of Franklin (gungahlin ACT) of which i have a loan for 385k (currently worth 475-500) and have another block of land in Bonner (also gungahlin ACT) which i am about to build a house on which will total 460k. Once it is completed i would estimate the value to be around 520k and would get a rental return of approx $600pw.
What i would like to know is should i keep it and rent it out or sell it and build again? I am very new to investing etc and have just sort of fallen into the idea of buying blocks of land, putting a house on it then sell it for a profit. I have no idea on what i could claim on it depreciation wise etc so maybe some insight into that side of things would clear my mind up a bit!
Any positive/negative feedback and advice would be greatly appreciated.
Thanks
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