Hi team,
Could anyone advise on below
Option 1 for investment purposes
Current loan 496000
Property value 775000
Older house on 310 sqm land
Zero building depreciation
Negative gearing 140 a week
Decent suburb
Options 2
Sell above property with zero cgt
But brand new house for 1 mil
Deposit 254000 ( after selling above property)
Same suburb, same land
Rant will be 650 a week
Negative gearing 393 a week
Full building depreciation
Which is better to keep property a, or sell a and buy b.
Thanks in advance