Thanks Elka – that is roughly what I came up with.  There used to be a handy calc on http://www.realestate.com.au that I was using, but they have changed them and the functionality is a little different now.Thanks SHales, I'm totally confused when it comes to compound interest, other than to increase the value of something, so when applying it to paying…[Read more]

Okay, we have the option to pay MORE then the minimum repayments (without any fee) as our loan is interest only.  We currently ensure we pay at least the equivalent of P+I on it anyway.I just want to figure out, given that the loan amount is slowly going down (that is, we have built up redraw in the account), at what point the rent will cover the…[Read more]