I would put money into a listed investment company such as...

I would put money into a listed investment company such as WAM.

Paying 9.84% fully franked

2.5mil @ 9.84% equals $246,000 per year.

Rent yourself a nice place anywhere in the world for about $50,000

Spend $100,000 on yourself each year

Reinvest the left over money back into the share market.

Enjoy life.

Rid yourself of all the issue to do with owning a property.

Here's a bit of a list as to why you wouldn't own a property but rent

no rates

no tenets

no insurance

no mortgage repayments

no mortgage insurance

no replacing the carpet

no VCAT

your house was as a meth lab

no commission to the agent

I could be here all day with the issues.

not advice and DYOR