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I have noticed in the past few weeks it's getting a little tougher out there for investors; not talking policy, the lenders are scrutinising deals harder as well. This is bound to have a flow on effect to all mortgages. The answer is probably that it's a little harder, but hard to quantify...

You should switch your loan to I/O immediately, don't wait until it becomes an investment property. The reasons behind this have been well explained previously in this thread. After 5 years, the CBA is generally fairly easy to roll over into another 5 years. Most investment loans don't last...

Another way to look at it is to see what happened had you bought a house 30 years ago in 1985... Purchased for $50,000 with a loan of $40,000. Interest only payments for 30 years, not a cent has been paid off. Over 30 years, you'd pay about $96,000 interest (assuming 8% average interest rate)...