In this scenario imagine the following three things are true: 1) You have a property that isn't going to grow, but you're pretty confident it's not going to drop either. It'll probably go up slowly with inflation but you don't expect anything more or less in the next 5+ years. 2) You maxed out your borrowing pre-APRA, so even if you sold it, you wouldn't be able to "redeploy" the money elsewhere. You have no ability to swap it out with a better performing one. 3) You don't intend to really do anything in the next 5 years. No new purchases or refinances. You have all your other loans refinanced for IO so you're good for 5 years. Would you sell the property? I'm in this situation now. I have a beautiful warehouse style apartment in Melbourne CBD. It has 3+ metre ceilings, double the size of most modern built apartments. But because of the massive oversupply in Melbourne I don't expect it will do anything in the short to medium term. But on the other hand, I maxed myself out before all this APRA stuff so even if I sold it, I wouldn't be able to redeploy the money. Since all my other loans have been recently refinanced for IO, I have a good 4-5 years before this becomes dead weight to me. The risk is 5 years from now the market takes a drastic turn for the worse, in which I may find it difficult to refinance. On the other hand, you'd think rental increases on all my other properties would help shore up my borrowing capacity. What are your thoughts? My plan right now is to stay put. But I'm just wanting to make sure I haven't missed anything.