Thanks for the reply Redwing. In answer to your excellent Q’s

1. I am making the assumption that the Ip has achieved on average 10% capital growth, so based on that I estimate it is now worth between 320,000 and 340,000.

2. We currently receive $220/week in rent.

3. The plan when we bought it was to keep it as a long term investment, obtain good capital growth and then in the future access the equity to purchase another property. I guess in part the plan seems to have played out as intended except for the purchase of another property. As far as a detailed plan is concerned I dont have one comitted to paper.

At this point I am considering staying with this IP and buying out 50% of number 3’s equity by refinancing, and then access this equity at a future time to buy another IP. The other option is we sell up now while the market is not in decline, and go our separate ways and look for new opportunities.

Cheers!