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Thanks Brady.. That makes sense. I have a broker but haven?t discussed my plans with him yet. I have 4 IP?s with one loan fixed P&I, one variable P&I and the others IO.. All loans are stand alone. All positively geared, so want to bring the portfolio to neutral and use the equity as the PPOR...

Thank you all for your replies.. Brady - could you please elaborate further? Wouldn?t the equity taken from the IP then not be tax deductible? Even if I was to wrap up the current IP loan and establish a new loan with the IP as security, wouldn?t any amount used for a PPOR then not be...

I am in the position where I have equity in my investment properties, but am in need of upgrading my PPOR. I know that if you redraw from an IP this capital can only be used for investment purposes or the additional interest will not be tax deductible. Is there any way to access the equity in...