Hello. I am an Australian who has recently moved to France with my wife and kids. My wife and I own one house in NSW (our first property) that we are currently renting out. The loan setup is P and I (the same as when we were living in the house). The rent does not cover the loan (Around 100 dollars short per month). We're totally new to property ownership and all the taxation laws that go with it. Are we doing the right thing with the loan structure or are there tax benefits to be had if we go to the interest only arrangement. (Note 1: My income for 2015/2016 will fall under or near the tax free threshold as I left Aus in September, my wifes income was zero). (Note 2: We plan on staying in France for the long term) Thanks in advance for any assistance.