Thanks all for for replies. We are on the steep part of the investment learning curve, so found it really useful seeing how you all thought through this – great learning for us and we’ll now go away and crunch our numbers and think a bit broader about our options. Swampy, we are not under pressure to sell at the moment – but finding it great to have the time think this through, ‘talk’ to others, and make any decisions if we have to.

Jack Flash – The total loan is ~$350K, but the tax deductible portion of the loan is only $110K, which isn’t giving us many happy returns come tax time. Complicating it is that it was our PPOR for 2 years…… Its something that we need to factor in, as well as the real costs that inc buy, sell, CGT etc – to determine whether the performance of our IP is good enough for us, or in fact proves to be our dud dog!

A quick question – Property Investor data says Torquay has grown ~45% in 5 years. I assume this data is gross as well? Does this mean our place has roughly, generally, performed on par with the rest of Torquay (though there has been a lot of new construction there in the last 5 yrs)?

Thanks again – Alex