Sell IP and pay down PPOR now or hold
Prior to the CGT changes I was about to sell my Brisbane-based investment property.
The property is valued at $1.35m and currently leased for $780/week rent
It has a $760k mortgage and is negatively geared.
I've seen many people in this sub encouraging those who hold negatively geared properties to take advantage and hold forever to milk the negative Gearing, but while those rules are still in place, I had already decided to sell. Now the advantage is tempting me to keep the property.
Purchased this property in 2021 for $633k - a part of me wants to hold, but the other part of looks at the current rental yield % and growth profile and thinks that it is time to cash in.
My plan for the $430k profit was to pay down my PPOR ($300k) and put $130k in super
Is there a way to assess this that I am not seeing.