What should i do?

Hi Guys,

1st time poster here, however i really find the information and members comments very interesting.

Anyway here it goes!

I currently own a Semi (1/2 a house) in Beverly Hills in Sydney. I bought the home for $470k with my girlfriend around 2 years ago, we spent approx 12k total on fixing odds and ends

I placed 130k deposit on the home (100k mine 30k Girlfriend) so 340k was left owing. After 2 years of paying $2400 a month we still have around 321k owing to ANZ.

Now my problem is that we are breaking up and going seperate ways. I currently have my own small business that is making around 5-7k a month profit after tax

Here are my options.

1) Sell the property on the market and get my $470k back give her 30k + 1/2 of total repayments (minus the interest amount we paid)

2) Re finance the loan, pay stamp duty on $235k (since we where 1st home buyers) and totally own the property.
– Live in the home and pay $2400 a month morgage
– Rent the home for around $1200 a month through an agent and move to my parents secound property for $680 a month rent.

3) Sell it all up pocket my 100k + 1/2 repayments in a fixed savings bank account and move to my parents secound property and pay cheap $680 month rent.

What should i do!!!

Thanks in adavance,

Marcus