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Thanks, but if I purchase an IP first, and use the $150k (i.e. $500k-$350k) as the deposit of my IP. I think the interest of $150k should be fully deductible, right?! Then I get some savings few years later, say $100k, and put it in the offset account (that make the interest charge on...

Many thanks, I will have a look those products first. Still hope that someone can tell me how much interest I can claim for the IP, interest of the whole $500k or just interest of the $345k?

That's what my situation is. I bought our PPOR half a year ago, with a loan without the offset account. At that time, I told my broker that the PPOR I bought will become IP after one or two years, but he did not advise me that I should use a loan with an offset account. Few months later, I...