A property next door in the same block to me just sold for $565,000 (http://www.realestate.com.au/realest...ssou/105659298). This I find quite an overpriced amount for an unrenovated 2 bedroom apartment on a busy street in Toorak.
It has got me thinking whether I should sell or not? My apartment is renovated, which should fetch a significantly higher price.
Is it better to sell when there is something defiantly overpriced, or appreciate what my current assets is worth and sit on it? I will looking to enter the property market again during september/october regardless of I sell my current place or not. The only difference is that if I sell I would be looking to buy 2 places rather than 1 (this sounds like quite hassle). How are your margins ruined when buying and selling property?
I would love to know what everyone opinions are out there