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A variation on number 2: Keep living in the house. Use the equity as deposits on further high yielding IPs, giving you a retirement income stream later. Option one could be attractive if it was a family home and the kids have all left. Don't like option three. I guess we have heard...

We have done exactly this. Bought in a "blue chip" suburb next to the beach in Perth early in 2005 as an IP while we were living in our cheap PPOR on a triplex block in a "down and out" suburb. :rolleyes: There would have been no way we could have afforded this place without it being an IP -...