Should we sell our property and invest the money or rent the property?

We are rellocating from regional Victoria (Latrobe Valley) to Melbourne whilst my partner attends university. We are currently purchasing our home and would like to know whether it would be better off to sell the property and invest the money ( for use as a deposit later on) or to keep the property and rent it out. We are unsure if we will return to the country or end up staying in the city.

Do you have someone to watch over things while you're away?
Will the rental cover your costs? Where will you invest the money? If you're unsure where you would put it I would strongly consider leaving it where it is. Do you have a potential renter? Dependable? Do you want to be a landlord? If you can afford to rent it out you could be on your way to building a nice little Real Estate portfolio. Work the numbers a little. Appreciation is a wonderful thing.

Tags

　　Investment Calculator 　　Investment Bank 　　Investment Advice 　　Investment Account 　　Invest Money 　　Invest in Gold 　　Invest Fund 　　Income Fund

Related information

What is the best way to invest a small amount of money long term?

If you put the money in a Roth IRA, you won't be taxed on any of the gain if you wait until you are retired to take it out. This is a huge advantage because taxes can take out a large chunk o...

Can someone help me with how to invest my money?

There is no mystery to retiring wealthy. There are FOUR simple keys to do so. The first two are TIME and DISCIPLINE. At 21 you do have Time, if health and life permits. From your purposeful deci...

Do people that invest in things abroad in order to evade tax have quite a lot of money?

Setting up an offshore corporation in order to evade taxes would require the services of a lawyer and an accountant. So you would have to have enough money such that the money saved in taxes would ...

How do I invest my daughter's life insurance money?

Fidelity Select Mutual Funds $2000 in each of the following Aerospace Biotechnology Telecommunications Pharmaceutical World Currencies My condolences o the loss of your daughter

...

Www.swisscash.net is a real site or not? i invest lot of money now site is not working please help me,?

doing a search I found that the site has been sold 10 or 12 times in the past 2 years, sounds like you have been SCAM-ed. good luck

...

To get rich, why don't people invest in investments that banks invest their money in?

Because banks get their money from using your money and borrowing it to other people for, basically, free profit. You could start your own bank but it would take millions of dollars.

...

If suddenly you had enough money to buy your dream car, would you buy it, or invest your money wisely?

A car is an ephemeral thing. A dream today, a pain in the rear end tomarrow. At least if it is a dream, the dream is for ever. I would not waste my money on one. I would invest it, hopefully...

Where can my daughter 8years old invest here money after reaching 5K. Is this the max tax free limit in the UK

I am an accountant but am not empowered under the Finacial Services Act to provide financial advice. Neither is anyone else here, I suspect. Therefore both the financial and tax information I give ...