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Gidday Spectre, Scrutiny? Nothing new there - you're doing it to my posts, which is fair enough. In terms of my approach, if there's no seriously questionable conduct, then there's nothing to fear. If however, laws or codes of conduct are being broken then that's another story, however...

Thanks Rob, Forest for the trees stuff. Your comment makes sense. Arguably, the ATO could view the original transaction has having no purpose other than to increase tax deductibility (which on reflection, seems to be the strategy promoted). Broadly speaking, that fits the parameters of...

Gidday Barry, I can't write what I think of the Rate Tracker here, because it's subjective and they will probably sue me (another CBA owned asset has already waived their fist at me). Just crunch the numbers for sure and if you get it right, they are unlikely to rank that well. It's just...

Gidday Steve, Sorry if you misunderstood my intended tone, it's why I started with no offence intended. I was merely mirroring your words, adding of course, the no offence intended because I thought your post was a little edgy (or as you call prefer to call it, smartass). The spelling...

Thanks Spectre, I know what it's like to miss a point which is why I wasn't sure which of us it was. Tough being human. Great idea to set the tax bit aside and simply focus on the cost of the decision now. My point all the way through this is that Barry2104 should be offered a balanced...

Gidday PeterC, We agree on this point too, which is the one I'm still trying to get my head around. The cost yourself unnecessary, non-deductible money now had downside risk all over it which is why I think I must be missing a key point. After all, Richard was quick to urge Barry2104 to...

No offence intended, however would you mind pointing me to the section of the ITAA which says you can't. After all, the loan would be on his PPoR and for private use at the time. This is relatively minor matter compared to the core concern over Richard's advice to borrow more than required...

Gidday Spectre, Thanks for the question and yes, I can blab on, but only in the spirit of trying to deliver and support my complete thought. My understanding of what Barry2104 wants to do differs from yours as I read it to purchase a PPoR now then convert that PPoR to IP in a couple of...

Thanks Rolf, That's a little clearer, as it relates to a different investment opportunity that Barry2104 I must have missed in the thread somewhere. I thought he had only mentioned the IP in a couple of years (which I took to mean 2 years) and which I would hope has a little more planning...

Thanks Rolf, The risk is Barry2104's - no doubt. So too is the cost. This is why I am curious to understand Richards advice which seems quite instructional, yet light on justification or balance. I have found it very hard to come up with a cost-benefit analysis where Richard's advice...

Gidday Rolf, The potential future need (which I agree needs to be acknowledged and considered) does not explain why Barry2104 should spend the nickle now. Once he does, there is no turning back, the money spent on LMI is worth more today than it will be in the future even if Barry2104's...

Gidday Spectre, Just a quick thought, Nards likes the MISA and she's the one who foots the bill. With the MISA, the important part to focus on is the last two letters and what they stand for - Saver Account i.e. it operates like the old fashion savings account and lets face it, offset...

Richard, Putting aside the debate over offset accounts which is a little distracting, this advice seems a little counter intuitive to me. Barry2104 is initially purchasing a PPoR, which means the LMI is non-deductible. Unless I missed something in his post, he does not have a current...