Hi All, I've a property in Fitzroy and a P&I loan fixed at 7.35% for the next 4 years. Loan is $600k and LVR should be around 50%, but hard to say given the current climate. I'd really like to turn it into an IO loan and it'd be cash neutral/positive but obviously that is not feasible at this moment due to the credit crunch. I think it best to keep it and refinance when possible but some people are suggesting i sell. I also rent out part of the house which covers 3/5 of the mortgage. Any opinions or insight into my position are most welcome.