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Thanks Peter - are you saying that I can only claim interst on the actual loan amount at the time I leave the property and turn it back into an IP ? Last month the loan balance was 65K but ive since spent 5k on a bike. Now the balance is 70k. What if i spend another 10K before i move out and...

Hi fellow forum people – you’ve helped me in amazing ways before and I have a new question : In 2011 I moved into an IP house and so it is currently my PPR. The balance of the LOC loan when I moved in was 100K. Soon I am moving out of the PPR house and want to turn it back to a IP. The...