I’m 36 with only $45k left on my mortgage. Should I pay it off early?

February 22, 2026 — 5:07am

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I am 36 years old, working full-time, and I bought a unit in 2019.  I have been making additional mortgage repayments since purchase, and now have $45,000 remaining on my mortgage. Should I continue my current arrangements of adding $1500 per month on top of my mortgage repayment, or invest this money elsewhere and let my monthly mortgage repayments take care of the remaining balance? I would like to keep my mortgage open and have access to the savings in my redraw account ($200,000), but am unsure at what point to “put the brakes on” my intensive mortgage repayment plan and explore other options.

Nicely done getting your mortgage down so quickly. Given full clearance is within sight, I would push on, then invest, if it were me, especially given interest rates are back on the rise.

That........

© The Sydney Morning Herald