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It's the cost with me living in it.

I find it more interesting to know what the break even point is for the PPOR as it stands, i.e. to compensate you for the amount of interest you are paying. It asks, and maybe answers the question: Is it worth owning your own home if you need to borrow to be able to do it? Mines at 4%...

As a percentage: % = (shortfall / current value) * 100 Use current value because this will determine the increase assuming some % gain per annum. i.e. if property gets 5% growth next year, it's value will increase from 460k to 483k.

I'm guessing it's rugrats way of saying they're not expecting growth anytime soon?

P.s. I used my current interest rate of 6%

Using the same rough numbers, my break even points for my IPs are: 0.5% 0.2% and 1.7% Interestingly, the PPOR is 3.9% As Neophyte pointed out, not quite accurate given CGT, but regardless, I'm pretty comfortable with those numbers, but actively working to get them all into the negative.