Sell or hold in Kingsland

Our Experts Answer:

Where you need to be careful is to keep in mind that you are likely to have exit costs involved in selling your Kingsland property. So you want to make sure the upside of where else you look at is worth it.

Start by getting an idea of how you think the apartment will go in regards to both short and long term. Then assess this against other options outside Auckland before deciding whether to sell or not. I would want to be very sure that the new opportunity was going to be better long term than the Kingsland property.

If cashflow is one of the main reasons to sell, potentially consider seeing if you can have part of the mortgage on an interest only basis or whether you can refinance down to the lower interest rates on offer at the moment.