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Thanks all, Tobe really answered my question. I can plan a new strategy. Marg i don't think I could switch to IO as the loan has only 5 yrs left.

Hi all.. I’ve had an IP for 15yrs, which was negatively geared. It still has a small mortgage. Now all the net profits have been paying down the loan. The first 5 year was interest only. The original term of loan ends in 5 yrs time. I'm paying very little in interest i.e. 25% interest ,the...