Just wondering I own an IP in Stanmore, 1 bedroom with undercover carpark, bought in 2002. Owe 230000 on it. Bought at 290000. Basically paying interest only. However, I bought this off the plan, and probably paid too much. The value has only increased about 50000 since 2002. Rent = 340 per week. Interest = 900 per fortnight. Am thinking that it was not a great investment and now is costing me a lot given the rate rises. I know these are very sketchy details. Should I: Renegotiate the home loan to try to reduce payment amounts? Sell now? I won't have a high tax rate this Financial Year so that may cut down CGT.