I'm trying to see how I can proceed to investing with my current state: I bought a house in Canberra (PPOR currently) in April 2007 for 335,000 (Loan Currently 317,000) I've been told the house is now worth around the $365,000 mark, but haven't had an official evaulation done since. I aim to make this house an investment property in the next 2 or so years, so i'm trying to figure out if I should change my finance strategy. Current loan is a Fixed Rate Loan with ING till April 2010 @ 7.39% Remaining Loan now is $317,000, loan was for $325,000. Minimum Payment is $1039.00 a fortnight, loan is for $325,000 over 30 years . I was originally paying $1050 since i got the loan and now that my pay has changed, i've been making $1420 a fortnight payments (ING Limits me to 10k a year extra payments, keeps me just under the limit). Given i don't hold that much equity currently, how am I best to proceed? Should I maximise repayments for the remainder of the loan? or should I pay minimum and put all extra into a savings account for a deposit on another property? When I bought the house I was on a much lower wage then I am now and never thought i'd be able to make extra repayments, thus the loan structiure Thanks for any advice, glad to be a member of the site.