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Would be best to speak to an accountant or alternatively, & more appropriately, try to get a ruling/approval from the ATO for definite clarification. Think of it like this. If you dont get it right and get audited in 5 years time, and then your advised by the ATO that the loan for that whole...

From here on, refinancing wont really solve any of your problems unless their hasnt been too many withdrawals and an accountant, or yourself, can easily justify and distinguish an amount still claimable on the loan. It has to be easy to identify. Any personal withdrawals will stand as new...

Once a loan has a mixture of income producing purposes (the original loan for which will now be an investment property producing income) and private use, the original loan is diluted & its impossible, depending on the amount of transactions, according to the ATO, to determine the claimable...