Hi I'm after some advice on wether to sell my home or use it as a rental.
I've got a nice modern 2 bedroom unit in East Auckland which has a value of approx $350,000 and would rent for approx $350 p/w.The only extra outgoings on top of the standard ones is approx $1,000 for body corp fees.
I work from home so claim 50% in home office expenses.I'm looking to move to a slightly bigger place for around $550,000.00 and I'm undecided on wether to keep my unit as an investment & sell it to my LTC as I think it will appreciate in value or wether to sell it and put that money towards a new PPOR.
The other option if people don't think it's agood time to buy would be to sell my 2 bedroom unit then rent somewhere whilst the money from the selling my unit was earning money from being invested in a term deposit for example.
I've got a nice modern 2 bedroom unit in East Auckland which has a value of approx $350,000 and would rent for approx $350 p/w.The only extra outgoings on top of the standard ones is approx $1,000 for body corp fees.
I work from home so claim 50% in home office expenses.I'm looking to move to a slightly bigger place for around $550,000.00 and I'm undecided on wether to keep my unit as an investment & sell it to my LTC as I think it will appreciate in value or wether to sell it and put that money towards a new PPOR.
The other option if people don't think it's agood time to buy would be to sell my 2 bedroom unit then rent somewhere whilst the money from the selling my unit was earning money from being invested in a term deposit for example.
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