Thanks for the replies,

Terry,  my accountant  was telling me now is the time to sell before I pay more capital gains (the longer i hold onto it)

I still think I would be better off keeing it as a investment and buy a new property.

The house in Kal was bought for $170,000 and is worth around $360,000 with a rent being $390 a week and the repayments are only $242 a week with only $120,000 left on the loan.
The house i currently live in was bough for $337,000 and i borrowed another $40,000 for improvements, repayments on this are around $600 a week.

with the above info am I best to buy a new property?