All Topics / Help Needed! / need help

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  • Profile photo of PixiePixie
    Member
    @pixie
    Join Date: 2003
    Post Count: 8
    March 7, 2004 - 3:55 am

    We have some investment properties on the Gold Coast which have made great gains but they are negatively geared. I am wanting to sell some of the properties so we can have a wage coming in. But whhich ones I am not sure. Is it better to keep houses or units? One unit is on the Broadwater at Labrador which if we sold would almost pay off a couple of houses. So what do you think?

    Profile photo of woodsmanwoodsman
    Member
    @woodsman
    Join Date: 2004
    Post Count: 714
    March 7, 2004 - 5:01 am

    Majic,
    Whilst not knowing the specific properties you own, as a general principle, I would seek to retain the property with the greatest land component ie houses.

    Over time, they will grow the greatest, in my opinion.

    James

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