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Thanks. The theory of it makes sense largely, but putting all the loan structures in place isn't something I'm good at yet. Will be seeing a MB next month.

so... I realize that, that's why I want to convert that half to LOC split to use only as IP related $$ - since it would be full at split and drawn only to invest elsewhere (or am I wrong?). Isn't that what I've said above 6 of 1, half dozen of the other? If not then I don't follow you...

Hi all, Just after some advice/clarity on what's probably a basic question. I've got a P&I loan, with about 1/2 of it available as redraw due to faster than expected repayments over 18 months. I'm ready to buy an IP and have $$ for deposit but would prefer to use deductible deposit $$...