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Yes, that's right. I'm not really worried about the deductibility of the $280k, but rather the deductibility of the $100k

Do you have any recommendations for good accountants in Sydney?

There was no response from her after I asked the question. They simply said - don't mix the money in the future. Also, let's consider this money as dead money, how much would I stand to lose per year in terms of deductions? Also, the loan is already split, it was split during the refinancing...

Previously I had a $280,000 mortgage on a $475,000 property with an old bank. With this old bank the structure was an offset account with a loan account. The offset account had $0 and the loan account was in DR to the tune of $280,000. With the new refinanced structure, we pulled out $100,000...

Hey guys, I only have one IP at the moment which was recently refinanced with the equity converted into a sum of money into the offset account. Previously it had been paid down to about 67% (money paid directly into the mortgage - not offset). With this new sum off money in the offset...