Hello all, Just wanting some financial advice regarding my property. I recently bought a property for investment purpose. I am currently living it in for 6 months in order to utilise the first home buy grant. I now plan on renting my property. As it stands now, the interest i will pay on my home loan is actually less that the rent I will be receiving. I am able to significantly put in more money into my loan, therefore decreasing the interest. I understand that this will mean I am positive gearing rather than negative gearing. This is where I am getting a little bit confused and receive different a advice. At the rate I am going now, I will be able to pay my loan off in about 4 years. In about 3 years I will probably want to purchase another property and actually live in it. So what I need to know is.... Do I redraw and ensure that I am negative gearing, put the re-drawed amount into a savings account and then refinance later in order to maintain this investment property and then purchase a property I will live in and ultimately pay off. OR Do i just continue to pay as much as I can and then in 3 years, redraw and refinance and have the majority of the house I want to live in paid off and then negative gear the investment property. Either way I figured I will be paying tax on either positive gearing or interest earned from having money in a savings account. I think I am confused myself but ultimately I would like to own the property I intend to live in. I would like something that has less risk and is less confusing! Any help would be greatly appreciated!