🚨 5 Key Triggers for Selling Your Investment Property 🚨
Thinking about selling? While holding property long-term can be beneficial, here are five reasons it might be the right time to sell:
📈 Rapid Price Increase: If your property’s value has doubled or more in recent years, selling could allow you to lock in those gains before growth slows.
📉 Stagnant Growth: A property that hasn’t grown by at least 15% in two years may be underperforming. Consider whether it’s the right fit for your portfolio.
🏡 High-Growth House and Land Packages: House and land packages can underperform long-term. If you’ve seen high growth recently, selling might capture gains before the market shifts.
📊 High Vacancy Rates: Areas with vacancy rates above 3-4% could struggle with rental demand. Selling may help you stay ahead of potential market downturns.
💸 Low Rental Yield: If rental income isn’t keeping up and holding costs are high, selling can prevent financial strain over time.
Selling should always be a well-considered decision, especially in Australia, where transaction costs are high. However, these triggers can guide you in optimizing your property portfolio for the best returns.