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Have no loan on PPOR only LOC linked to the investment prop

Yes I realise that, I am more concerned about the bank giving me $96,000, how will the tax office see that - even though I am going to use the funds to pay off the LOC - which atm I claim deductions. I then have the option of closing the LOC or using it again in the future to purchase again

I purchased a villa as an investment 3 years ago. I financed the villa via: $100,000 LOC secured against PPOR for 20% deposit and cost $312,000 I/O loan with bankwest - rate tracker The purchase price of the villa was $392,000 The current value is $460,000 I'm looking at...