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Yeah - that was sort of the point I was alluding to. To me, the additional amount I would have been paying for P&I would not have been enough to enable me to purchase another property. However over time, keeping the loans at IO actually reduced my servicing capacity. If I had moved to P&I from...

Perhaps - but this difference in payments between I/O and P&I is only short term anyway. An adjustment in spending will cover the payment pretty quickly. The interest only argument only comes in "invest the extra money". Some people have already mentioned that the difference might stop you...

Hey Warrioress Many people will argue for Interest only loans for investments, as the interest is a tax deduction. So you can effectlively have lower monthly repayments enabling you to put the difference "to better use". Ie invest the money in other areas (more IP's). Personally I am...

My Journey Well I was either lucky or stupid? When I was 20, and straight out of Uni I had to move towns for a new job. I was destined for Geraldton WA on my stately salary of $32,000pa, huge amounts in those days, esspecially coming off a Uni students *ahem* salary. I put all of my money...