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Thanks Terry - good news for the OP. :)

Not ideal :( Having the investment funds in the same loan as non-deductible debt is very messy and can make claiming deductions a nightmare. If you haven't spent anything yet, you may be able to put all the borrowed funds that are currently sitting in the offset straight back into the...

What it should look like - PPOR - 2 loans, one for PPOR only, and one for the equity to use for IP. IP - one loan. If your structure doesn't look like that, I'd be looking for a new broker :)