[JohnParticipant@neron85live-comJoin Date: 2017Post Count: 2]

November 30, 2017 - 11:43 am

Hi Terry, hey benny
Thank you for your reply
-Frankston will result is a grater cash release
-Frankston will pay higher cgt
-both are owned by myself under my name
-loans are not secured against anything

-my broker is looking at arranging a low doc loan for me but either way,
id want to sell one so i have more funds to buy a better property to develop

I’m just thinking with the figures (not location)
frankston is positive gearing at 380pw and has had better growth that Coburg
Where Coburgs rent has been the same for 7-8 years because the area has been building for the last few years
and there are a lot of townhouses available to rent

Even tho franskton would release more funds,
Wouldn’t it be better to sell the lesser performing property?