Thank you Richard and Jamie for your replies. I have seen the recent RBA crackdown on investment lending which has put a bit of a spanner in the works with drawing down equity from our properties.

Both of my loans are Stand alone loans. I have factored the personal debt into 90% LVR with the PPR, but I am hearing that obtains equity release of more than 80% is now going to be a challenge. Both of these loans were originally set up as interest only with a 95% LVR and although we could refinance our PPR with an LVR of 80% and pay down personal debt it would then leave us short for another deposit. Are most banks now requiring a minimum 10% deposit for an investment property? That also increases the deposit needed to look to repurchase. Sounds like property number 3 might be some time away as we saVe for the deposit.

Thanks again for your comments.
Kassie