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Cool. Understand now. I guess the highlight of all this (I haven't read the other thread yet, thanks Les) is that I can't redraw the equity from the PPOR for "non-deductible use", leaving a larger loan on the property, which then becomes the IP and hence the loan becomes tax deductible...

I think that just really confused me. If the new PPOR is $500K, I seem to end up with 3 splits totalling only $300K? Should I have a total loan now of $600K (the original $100K from the original PPOR mortgage and now the $500K for the new residence)? What amount on the original PPOR (which...

I've been trying to follow the variety of threads whereby people want to change their PPOR into an IP. Their PPOR usually has a mortgage on it of some description. Am I correct, based on what I have read, that if this is the intention then a LOC type loan is best suited for this purpose...