Thanks very much guys. The first IP is P&I simply because it was my first purchase and I lived there before moving out and turning it into a rental. I didn’t know what I was doing or what my plans were at the time of purchase. When I moved back out I figured I’d leave it as is, as paying some of the principal will help it get to CF+ sooner. It’s probably worth changing it to IO as you say and putting that extra into the offset for the bigger loan.

It seems like if you wait for a property to become CF+ by having gradual rent rises over the years, it can take quite a long time to get there.

Circumstances could definitely change though. That’s why I like the concept of the offset account– I can always move that money elsewhere