Investment House - To Sell Or Not
I have been retired for 7 years. My wife retires at the end of this month. Our children have all left home.
We own our own home. I own a 50% share in another house (worth between $900,000 and $950,000). We have approximately $300,000 in superannuation but virtually no bank funds.
Financial advice has suggested we sell the 2nd house to generate disposable funds and supplement income received as interest on the superannuation funds. I can see the merit of such strategy. The downside is that we will lose an investment which will almost certainly increase in value.
Alternatively, we can continue as we are. Drawing from superannuation, a small pension (currently $180 pf single) and rent from the property (currently $200 pw gross 1/2 share), would give us a reasonable living.
Is it possible to have your opinion on the matter, please?