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Yes, it's Offset. When I say pay down, what I mean is park money in the account. Although, it may make sense to pay actually down some, (depending on bank val), in order to pull more out when we split the loan. eg, we have say $47k to split out now at 80% of current val, but if we want to say...

All great stuff, thanks for the replies. We're young-ish, (37 & 41), so do still have a good chunk of time. Valuation on the PPOR was done this morning, so once we have some hard figures to work with we'll have a better idea of where to go. Hope to get the refinance underway to a better...

Yeah, I get that and can see the benefits of it if say we had no debt and a pot of cash for a deposit but I guess my main concern is that at the moment, (as in the next 3-4 years), will there be enough appreciation in rent or CG to offset the 5.49% that we are currently guaranteed by leaving...

I've been up & down on getting into the resi IP game since I can remember, always though we'd amass a brazillion properties and retire at 30 squillionaires, I'm now 37 and only have one, and that was sort of an accident. We've almost pulled the trigger on IP's a few the over the years, and...