I was renting the property at this price until i moved back in recently to undertake some renovations.

I managed the property privately while it was rented and had no problems, so would look to do so again.

The structural elements of the insurance are covered through the strata fees – the figure quoted for insurance is a recollection of what I was previously quoted for tenants insurance.

Yes – perhaps I’m being a bit optimistic about occupancy rate and repairs…What would you suggest I factor for this?

The building was constructed in 1974 – so 38yrs old.

Thanks for the feedback NHG. The difference levels of growth experienced by the Blacktown house at different points in time were quite dramatic!

My goals are pretty standard I think: I’d like for my partner and I to own our own home, within say 15 years, while also having a diversified investment Portfolio. We are both in our early 30s hoping to start a family and retire around 60. Our earning potential is similar around $80K at present, although she will likely stop working for a while if we have kids.

Selling the unit now would mean we would have significantly larger deposit for our PPOR (and would therefore pay it off sooner), but would also delay the investment portfolio.

My thinking is that both selling and holding are reasonable options and that ‘fishing’ for a descent sale price while I live here and can orchestrate it myself, is probably the first best option, followed by renting it out again and sitting tight.

Does anyone have a strong opinion that holding would be the best option? If so why?

Cheers