thanks for all the comments/advice.We will sell one of our positive geared property (positive because we have owned it for 9 years)  pay down debt on LOC and set the rest in an offset on the ppor ( holding on to the cap gain tax until tax time ),we may evensell one of the IPs that has made a capital loss to ease the cap gain.may do an income tax…[Read more]

thanks this is very handy. the bank has said a big no to increasing our LOC. most of our loans are fixed so penalties will be incurred if we refinance so i guess we may have to sell 1 to reduce pressure and gain cashflow.