Hi all, Just seeing who else received an email from Navra in regards to Junes distribution. It states that Steve recommends to use some of the very healthy income to reduce the margin loan back to 50%LVR, if thats what you are geared to. I thought that over time the capital growth component should keep the LVR at around the mark you have leveraged to and should cover the capitilised interest as well. So that at the end of the day the income can be used for maintaining the portfolio, lifestyle or re-investment and so on. I hope that I have got this right? I'm not sure if I should take this advice and pay down to get it back to 50% or leave it and hope that growth over time will take care of it. The income will come in handy to wiping out a good chunk of my new car loan, which is the only bad debt I have. Any thoughts or advice? Cheers, Steve.