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Not particularly, its currently yielding 6% so it just about breaks even. $20K will improve it significantly and I could get a higher yield as well but I've decided not to keep it. I'll reno it soon and will put it on the market. I'm currently trying to get the tenant out. Then perhaps you...

Do you have a big loan on the current IP? The other thing to consider is location. Where is the property? Has this area had its capital gain and could be going down and/or sideways for the next 5 or so years? The $230K will save you over $300/w in non deductible PPOR interest.

Its a tricky process so it would require careful planning and ofcourse requires trust in your wife. I actually issued a cheque for 50% of the value of the property in my wife's name and she deposited it into our new PPOR loan. in our case we had heaps of equity so this was an easy thing to...

Brett Assuming you did buy your wife's 50%, and since you already have a large loan on your other property, you should probably reduce it by putting the $230K straight into that loan. So the $454K loan will reduce to $224K which will make it a lot more affordable and the IP loan can...

Brett If the property is in 2 names you could buy your mrs's 50% for lets say $230K So you give the $230K to your wife to put towards your PPOR loan and that part of the loan becomes tax deductible because you purchased an IP. I'm guessing that you will incur stamp duty though