Hi All Looking for a bit of advice here.. I think i'm on the right track but would like some reassurance after speaking with my accountant today. Situation is. Have a 2br unit in inner North Melbourne, bank valued at $400K, $191K principal owing. For 9 years been paying P&I. Unit solely in wife's name. Rented for $1550 pcm. Wife has just gone on maternity leave. Had 13/14 income of 140K. Proposal is to revert the property to IO, instead of P&I (has been P&I for 9 years). Remove the offset. Bank has offered fix rate <5%. Big question is, the proposal to pre-pay interest in 13/14 for the following 12 months (14/15) to reduce the wife's income as 14/15 will be a soft year for her not working. Do I need to be cautious of anything, or does this seem pretty sound. Thanks for all your help.