Yes, I've considered that. Also considered buying a more expensive home to live in because any capital gain from that would be capital gains tax free to my estate. However, I consider myself beyond the right age where that hassle of an investment property is worthwhile, and also given the massive rise in housing in Melbourne, where I live, house prices may fall. After all, house prices can go down as well as they can go up.
To sell and buy a more expensive home for myself? I like my house - very convenient, very comfortable, perfect location and the impetus thus is just not there. Guess I am reluctant to put more in the share market and thus the security of the term deposit is comforting although from what I hear, the 3 year term may have been a poor choice as interest rates may well be on the rise into the future. But I do like the monthly payment of interest on this term deposit.
However, thanks for your suggestion and for replying to my post.
