Hi Tim, 

Yes true, I think we worked out for us to sell with our real estate they would be about $7,000 each.

They are in mount gambier, SA

cheers

kirsty

Hi Derek

originally when I applied for the loan a year ago I was told by the bank I could only do P&I but probably worth asking again. 

Here is a bit more info for you. Really appreciate your input

House 1 (worth $170,000, Owe $175,000 on the loan)
Repayments $1200 per month P&I
Rent $700 per month return
Rates $70 per month
Strata $60 per…[Read more]

Hi Derek,

Thank you for your reply. At present they are both P&I, I have heard due to the huge LVR on my loan I am unable to switch to Interest only, I believe it has to be less than 90%. But I would think it would be a possibility for my partners loan.

Kirsty