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Yeah my buffer is big enough to withstand P&I at an increased interest rate across all my loans for several years. My total LVR is only like 60-70% once I factor in cash, shares and my LOC.

Thanks everyone. It was really useful to be able to get some other opinions on this. It can be hard juggling all the pros and cons in your own head and it's good to be able to lay it all out like this. I think I'll keep it and try to extend my IO loan in a few months while the going is good...

I wouldn't do anything with it, as I said I can't "redeploy" the money, so I'd only get back my ~80k deposit. And since I'm pretty secure financially, I don't really need that 80k so it would just sit there in my offset I guess. Maybe I'd buy shares, not sure. But nothing earth shattering. It's...

Yup these APRA have really thrown a spanner in many people's plans:( The other thing is I have a pretty substantial LOC, enough to last me many years. So I don't really need another buffer. It's just so hard to decide what to do..!

Absolutely, I understand this line of thinking, definitely. But this is my reason: But as NPB said, there may be alternatives for me to consider... Because of how tight things are, if it turns out that I really couldn't redeploy this money elsewhere, I would have to choose between either...

Interesting. All this time I've been assuming valuation would come in under, which is why I've avoided refinancing. Perhaps I should try...which bank did the val btw? Are you sure it wasn't the postcode that helped you? North Melbourne would be far more valuable on paper than Melbourne CBD I...

Ok now that I've had time to think this through, I'm still confused but I figure I could refinance for another 5 years while my job and finances are secure, which will give me more breathing space / time to decide what I want to do.

This one is with Homeside, do they allow this?

1. Legal district, west end, Little Collins 2. No 3. I think 3k a year, but I can't remember the exact amount. It's reasonable. 4. No mine is quite unique, but the sheer volume will offset its uniqueness.

I know what the knee-jerk reaction is going to be the minute you read "Melbourne CBD", but please bear with me as I lay out the pros and cons of keeping it. Yes I made a mistake buying it a few years ago, but I don't want to rush into making another. Pros of keeping it: It's a huge 70sqm...