We own a Normanton Park condo and make $285k per year: Should we sell to invest in stocks and rent or buy a resale unit

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Hi Stackedhomes, My husband and I have been avid readers of your content, and we notice your team has been very detailed in analysing situations to provide sound choices. I hope you can help us as we are quite lost with what to do, and most realtors we speak to have their agendas and I dont blame them. I am...

At a growth rate of 3.5 per cent, you’ll begin to realise some gains. Hence, with this choice, making a well-informed property selection is of utmost importance.Based on our calculations, investing the $600K in stocks while renting a property appears to yield the highest profits over a 12-year period.

So when it comes to whether you should invest in stocks/bonds and renting versus buying today, it boils down to a couple of things:Nobody can tell you where the stock market is going, but assuming you do manage to achieve a seven per cent return year on year, it would make financial sense to kick back and grow your investment there while renting. Are you willing to take this risk? If the returns are lower as you mix bonds inside, then the cost may not be that much different.

It does make sense if interest rates are lower. However, our calculations use a conservative interest rate which resulted in the biggest loss among all the options. This allows you to sit on the sidelines given we’re at a market high and signs are pointing towards more supply coming up to alleviate the demand from the past few years. 12 years is a long time, and there are many unknowns, so it could be better to rent for the short term now while observing how the markets move before you make yours.

 

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