Wow thanks for they input much appreciate a second thought.
IP2 is long term investment. On the South Coast , eventually going to use as family holiday house.
Prices have plummeted and I came a cross a good buy I think gamble at 177K 4min walk to the beach 2bed is not to bad.
Selling IP1 think it time, I only bought this property by accident I was going to move into it, but Houses went down so bought a house as well. it located in ACT Belconnen area, looking HOT at the moment.
Offset the gain against my house loan. Instrest rates will rise prob 2% in 12 months, it a deciding factor.
I rather have the cash now. I pay super anyway, no point waiting till I am 65 leaches appon leaches god know what value you will end up with by that stage.
