24 Jul Ask Michael Anything (video) – Is it time to sell up?
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Michael answers Amanda’s question…
“I bought an apartment in Hawthorn 8 years ago for $375,000 and today it’s worth around $500,000. It needs around $35,000 spent on renovations as it’s getting tired. I’m disappointed with it’s capital growth over the last 8 years especially if you take into account stamp duty and buyers agents fees that we paid. Should we renovate it, should we sell it or keep it?” – Amanda.