I have been living in my Noosa house, which is now worth $ 1.2 million, since 2019, but I have claimed 9% of the floor space as a clinic, so I expect an earnings tax in capital (CGT) if I sell it. The house is not suitable for my dogs, so I want to sell or rent it. I just bought a new home which will end up being a good investment and after living there for a year hope to buy a third property as a long term home but cannot afford it. ‘buy at the moment. Would I be better off selling my current home now and hoping the housing market stabilizes over the next couple of years so that I don’t get left behind? Or would I be better off renting it for a year or two? CG

You don’t mention the extent of the mortgages, which is a crucial factor in the decision.

House prices are at record highs across the country, including in Noosa, Queensland.Credit:

News reports indicate that mortgage rates could be raised earlier than expected and that the rate of growth in house prices, at least in Sydney, could slow.

Assuming you have one or more mortgages, it may turn out to be better to sell now and take advantage of the wave of high prices near their peak.

The real estate market is hot in Sydney and the value of our investment properties has increased significantly, which has left us with a sell or not to sell dilemma. I’m 49 and my husband is 60. We have a combined income of $ 230,000 per year, but we only have $ 325,000 in superannuation. We have two children aged 12 and 10 who go to private schools. We also own an investment property of $ 2.3 million with a net mortgage of $ 1.2 million and CGT liabilities of $ 350,000. Should we sell it? MARYLAND

If you keep the good, you might find that the CGT will go down, but only if the price goes down.

However, regardless of real estate prices, I suspect you can’t go on with private tuition fees and a large mortgage.

It might be better to make hay while the sun is shining, that is, sell and use your combined income towards family expenses and retirement savings.

I am 66 years old and retired, with a Hesta pension fund containing $ 960,000 and an accumulation account of $ 555,000. I take the minimum 5% per annum out of the pension fund, or $ 48,000, and top it up so that I can make non-concessional contributions (NCCs) between $ 80,000 and $ 100,000 per year. I had planned to combine the two accounts at age 65 to form a larger untaxed annuity, but with the recent changes to super, I can continue to pay NCCs until age 74. Now is the best time for me to combine the accounts, given that I can only have a maximum of $ 1.7 million in an untaxed pension?