Thanks Rob.

My wife also has a house with about 90K owing worth around $300K. Her parents live in it, and give token monies each month.

This property was originally purchased as owner-occupied, and we haven’t done anything to change the status of that loan.

Is it cumbersome to perhaps change the state of that loan to take advantage of negative gearing, particulary as we aren’t earning income from it at the moment. It’s obviously good equity, but how best to take advantage of that?

Thanks in advance for further discussion.