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I agree Rolf. I guess my mindset is one of the "fartherly-must protect the young" view. Unfortunately - as you've no doubt seen a few times - the control needed to stick to this strategy is beyond some folks, and therefore it becomes dangerous for them. I would LOVE to see every home...

To me, using all the rent to pay down your non-deductible debt on the PPoR (either through an offset or straight debt reduction) while continuing to allow the deductible debt on the IP to accumulate is fraught with danger. Why? As I keep saying; life happens, and the worst thing that can happen...

short answer - no. The bright side is this; you will be the proud owner (controller) of 3 properties. This is a fairly significant "footprint" with which to accelerate your future investment plans. The long term view I reckon is to use the increasing equity you will no doubt get to use...