Just wanted to get an idea of the general consensus. Would you go IO for a period of time on your PPOR? Hubby and I finished building our dream home which we are planning to stay in indefinitely. We have taken out a fair chunk of the equity (as IO loan) on this home for some joint property development with family (which should be complete and paid out within the next 12-18 months). We would love to purchase an invest property of our own to buy and hold for the medium to long term but, as we have almost maxed out our equity and don't want to push serviceability, were considering going IO for a short time. We have seen a local property that we can buy for about 75K under market value and renovate quite cheaply and re rent to almost cover the IO loan. Hubby and I are pretty conservative with our money and obviously don't want to get into anything risky that could jeopardise our PPOR. What are others experiences with doing this?