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Sell or hold

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Dan | 26 Jul 2016, 07:27 AM Agree 0

We bought a new house as an investment property in emerald Qld, in 2011. The property price has dropped approx 100k. We have it rented out for 300 per week.
By the end of 2017 we will be paying the principle on the mortgage also, which is when we might feel a financial squeeze.

The property is in a good area, close to schools, shops etc. house rents easily.

I realise that we've made a rookie mistake in buying durning the boom..

I would really appreciate others feed back ? Has anyone else found themselves in a similar situation? Anyone got any insight into how emerald will move from here?

Do we sell or hold??

  • Stu | 26 Jul 2016, 11:08 PM Agree 0
    ... and another rookie mistake buying in a regional town. Stick to capital cities
  • PIA | 27 Jul 2016, 11:37 PM Agree 0
    If you invested in Sydney, You would've have had at least 50% capital gain by now...
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