Folks,
Can I do this..?
Situation.
1. IP - Valued @ 545000K with a debt of 186K.
LOC available of 250K.
2. PPOR - Valued @ over 900k with a debt of 230K.
Can I draw down 230K LOC from IP and park it in an offset account aligned with PPOR ?
Thereby I will not be paying...