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

Question

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.

Answer 1

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.