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The rents and interests are currently offset each other given the average mortgage size.
Lidcombe apt weekly rent is 410 (directly to tenants/friends have lived there for couple of years, market based rent would be 440 minus agent management fee payable)
Truganina house weekly rent is 400 minus agent management fee of 25pw/100pm, thus weekly rental income of 375.
The value of the Lidcombe apartment has appreciated around 80K (320K to 400K since Oct 2006) and for Truganina house around 20K (350K to 370K since Apr 2010)
There is more demand in Lidcombe area at the moment given its location and current level of supply.
Whereas there is a lot of houses being built in Truganina and the infrastructure of the area is not up to par (nearby train station to be completed in 2013). Demand/supply ratio is lower in Truganina.
Should sell the one in area of more demand right ?
Thanks.
Truganina is a growing area. I am guessing it will have more potential later.
Lidcombe is quite established, the apartment locates in very convenient area (3mins to train station and quiet)I am moving overseas for a few years and want to reduce the number of investment properties.
Other reason is more personal with the Lidcombe apartment. I could hold it for few years but would sell it eventually.The question is which one I should sell at this point.
