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Double up on PPOR <<New Flash>> My mother-in-law has been told by her accountant that she can offload the IP without any tax implications. So she now wants to sell both properties ASAP to release the equity and take advantage of a very liquid market in south Brisbane - and she is of course...

After some clarification... the IP loan is fixed for one year (restricted to <20% repayment on principle) and then switches to variable. The loan is currently only 4 mo old. Breakage costs quoted as $800. Do offset accounts work on fixed loans? Hmmmm.... what to do?

My old cheese is a great lady, and I'd like to help her out of a spot. She lives in Brisbane with her son. [Aside: We are relocating to Brisbane and we plan to all live together in a big rental and split the costs (--scary huh)] She has about 60k equity in her PPOR and has it on the market...