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You'd need a pretty good spreadsheet to see if it was worthwhile I'd think otherwise it could be a case of a lot of work to get a small return - if they'd let you get the tax advantage. I'm trying to base my decisions on understanding the implicatiions so I'll leave this one alone - like that...

So for instance. Borrowed 120k used 100k to buy a property. Left 20k in the loan account and use this 20k to pay the interest on the 100k+(interest on each payment you make out of the 20k account) yes? and you top up the 20k account so it never goes to negative yes?

Thank you everyone. Perhaps we need a sticky note thread that lists all the acronyms. Took me a while to work out PPOR was home lol. Now can someone please explain this bit : " a ruling from the ATO that all rental income and wages went direct to his home loan (PPOR) account and he...

Sorry folks, I see LOC all the time so what does it stand for? I thought it was Letter of Credit but it seems to be a type of loan. Newbee question