Wow, that's huge.  I know so many people across Brisbane who are renting on rooming accommodation agreements.  I reckon at least 50% of students would be renting in this manner and it would have to be 50,000+ people easy.

Has BCC sent out similar notices to for rent-by-the-room student accommodation, or is it just houses with a granny flat?

Hi Johnwilly1000,

Everyone's situation is different, but if selling your IP will clear your debt and reduce stress, then it's definitely worth considering.  No point having a mountain of debit if it's going to stress you out.

However, do also consider:-

• Selling into the Brisbane property market at the present time would require you to discount.  It's a strong buyer's market as there are some desperate sellers out there. 

• People generally lose big when they either "have to sell" or if they "panic sell" (whether it be shares, property etc.)

• I expect the Brisbane property market to be flat for a while, so if you're holding on for capital gains in the short term, you could be dissapointed. 

We took the decision a few years back to sell up our IP and reduce debt.  This put us in a strong position and we've managed to pick up a bargain property just this last week from a seller that wanted out.

There's no right or wrong answer.  Just be well informed and choose what's right for you.  Good luck in whatever decision you take!