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I don't think so; you can be disciplined in saving up for a holiday, and also putting aside some for longer term. :)

Marc, this is exactly the point! It's precisely because property returns better than 6% on your equity that you wouldn't want to pay down your debt, but instead use extra cash to purchase more property. If you have an interest payment of $1,000 per month and pay principal of $500, you're not...

Surely you can just "roll over" to a new I/O period? I guess if the loan was for a PPOR (ie non-deductible), and you wanted to borrow for an investment, then retiring the existing debt would make sense. But if you're planning on borrowing again, any other combination (ie both deductible, both...