Sorry for the naive question - what's wrong with xcoll?
Is it that all your properties are at risk if there is a crash?
I'm looking at our first IP (will post a hello thread when I've time) - and my broker is saying i shouldn't worry too much about xcoll (we are with NAB).
Thanks in advance
Plus its just unnecessary - can easily set it up without the x-coll at no/little cost to you. The only cost I can think of is that you may need to set up another split loan (and some banks charge a monthly fee for the additional loan).