Hi All. Could someone please advice me on my situation. I have one IP in Adelaide purchased as PPOR in 2013 for $225k and turned it into an IP in 2016. RP data values it at $253k. I have a loan of $213k on it with $13.5k in redraw facility (so $199.5k loan!). I also have another 7k cash and my wife has another $12k cash in our savings. Mostly all recently saved up in our last six months from our new job. And we would like to hold some cash at the moment considering me and my wife are expecting our fist baby soon in another couple of months. Now I have an obligation to spend $10k for a personal family Occassion I HAVE NO CHOOCE BUT TO SPEND!! Asking all your advise what would you do if you were in my shoes. Use the money in redraw facility? Or use the money in the savings? Or can any possible way refinance from IP I have and take more loan out? ( haven't spoken to my broker yet) so I have control over the money I have in redraw and savings until my wife gets back to work force in six months from now. Any and all ideas are appreciated. Thanks in advance. P.S- even if I run out of all money I mentioned above- I have a back up plan in the form of my dad -lucky to have a very supporting father!