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Thanks Peter, that was what I mean (ie. adding another 5 years). Is there a requirement that the property currently must be an IP or can this be done on existing PPOR as well? Somehow I have in my mind that for PPOR the max IO term is only 5 years.

If I am only 1 or 2 years into the 5 year IO period with CBA or Westpac, can I request for an extension now (say to 10 years) without the lender requiring full application or reassessment? Or can this only be done closer to the end of the 5 year period?