Hi Dave & Terry

Thanks for your replies. We bought the Melb IP with the idea of eventually living in it – 3 bed unit in Bayside suburbs, nice place to retire to but now not sure we could live in a unit (beholden to Body Corp, close neighbours etc) but probably just something we need to get our head around. Syd is a unit as well but as we’re Melb based, want to stay here.

We’ve had the same tenants in Melb since purchase and haven’t increased the rent since they moved in as they’re excellent tenants but I know we could get a fair bit more if they ever moved out and we put it back on the rental market. We’ll probably sell both props when I retire, as you say Terry, in dfferent tax years and buy a cheaper house.

Great to talk to like minded people ! Thanks again for your comments.

Hi

IP Melb $580k, owe 300k, rent $340 p/w – IO loan
IP Syd $420k, owe 100k, rent $335 p/w – P&I loan
PPOR $???k, owe ???k, rent $260/wk – we don’t own a PPOR, we are currently renting a house for $260 p/w.

My gut feeling is that we should continue along these lines (hang on to IPs and continue renting ourselves) and re-assess the situation when I retire?