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By your own admission, it'll be 7+ years before you pay off the PPOR. That's 7 years of returns on other investments you don't get, 7+ years of investment experience you don't accumulate, and most importantly, 7+ years of financial inertia. Purely on the numbers, the return on paying off the...

While it sounds warm and fuzzy to have your PPOR paid off, remember if it's in your name and if you have other loans (property loan, margin loan, personal loan, credit cards, etc) in your name and you default on those, your PPOR is still up for grabs. For example, it may in fact be 'safer' to...