Valuation has only been done last 3 months. There is a talk of market cooling down but it’s still crazy here!

Main reason why i am considering selling is because of CGT exemption and it’s ownership structure is not ideal as an investment. It is jointly owned with my wife who doesn’t have any income, not ideal when I want to get more loan and negative gear as much as I can to claim tax deductions.

Salary income is still my main source of income. I have done contractor work here and there for 2 years now and accounts for around 10% of my income. At the end of this year salary job will end and it will be mostly contractor income, at least double the rate.

If I end up selling (or not selling and keeping it as IP) and rent PPOR, what should I do with spare cash then? Also I heard people talk about being clear about exit strategy, which I don’t really have with any of the properties I own. When is the time to sell and move on?