Help – Sell, wrap, hold Negative geared property in Western Sydney

Hi,

We bought a great 4 bed + study, house in western Sydney (Glenmore Park) 2 years ago to live in.  It was brand new and nicey finished with 2 living areas + rumpus room and bar. 

We have moved interstate and bought a another property.  Should we hold the Sydney property, sell or wrap etc.

Currently we will lose after tax (inc depreciation) $8600 / year. 
The rent was/is higher than real estate suggestion/market.  We also included some furnishings for extra rent.

My only reason to hold would be if this market increases more than $10k per year.

Any suggestions?

thanks
Jason