To sell or not to sell (Melbourne apartment edition)

I own a 2 bedroom, 1 bathroom, 1 car space in Melbourne's inner North.

I bought it for $480,000 and if I were to sell it would be at a loss, around $450,000 max. It is my first home and was exempt from stamp duty. I have $365,000 remaining on the loan.

I bought it as an owner-occupier back when interest rates were around 3.4%. repayments and associated bills were cheaper than renting. Of course, now, they're not. It's about $3,000 per month outlay.

The challenge is that my partner was seconded and we had to move to Sydney. I now pay $590 per month in rent plus a bunch of other insurances and Sydney markups etc

I also have a car loan with $10,000 remaining.

Each month I manage to save at most $1000, often it's closer to $500 or less due to vet bills, car bills and unexpected costs. The move and preparing for leasing (works etc.) and ongoing maintenance also took a huge chunk out of my savings (it cost me about $10K last year to even get it ready to rent) My current savings are so low because of this (around $3000) and have been for the last few months.

I'm seriously considering selling my apartment so I can save significant amounts and maybe consider investing instead of property. Or at least, buy a smaller, cheaper investment property in an older but sturdy building where the rental income would cover repayments, strata and council/water rates.

But if I sold, it would certainly be at a loss of no small amount.

I'm looking for advice on what to do!