Thanks everyone!! This was great help.

I did conclude that if the Bayswater house is sold at a god price (Bank Valuation came as $420k – so expecting more than $450k), then we will sell… and work out to buy somethig in Eltham.

If it is not sold before Chirstmas, we will rent it out and we will move on rentals… try and save bit more to build cash reserve to buy something in Eltham by end of this year… (hoping that the property market is still low by then and we are able to hop on before it starts to pick up.

I ended up drawing a flow chart with lots of if and else conditions and then trace my way to the best possible outcome for each scenario.

Thanks a lot. You guys gave me some real good insights.

God Bless!!

Amod

PS – I will try to come back and update the actual result that comes out.