Need some help please! We currently own a property worth $311000 and owe $295000. Our mortgage repayments are nearly $600w plus body corp + rates $100 = $700 all up. We fixed in on the mortgage and we are struggling to make ends meet. (new to property market and got scared so fixed). Is there any way we can reduce our weekly outgoings and maybe rent a bigger property we have 1 child and a baby on the way. Our current PPOR is a 3br town house and can be rented for $350w. What tax breaks are there if any? Desperately need a better cash flow. Can't get out of mortgage as the break charges are way too high.