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i knew you'd say that....lol.. thanks for your help.

Ok...what about this then... can i pay down the loan to say 10k than redraw on the loan to fund the new PPOR?? leaving the IP loan at where it was when we moved into it? would they be suss on that maybe? Just trying to avoid paying interest on the IP whuile we are in it...cos it may be 12mths...

Ok here we go: We will be moving into the IP until we have built the next PPOR. The IP (which we will be living in) can be arranged to be with a loan which is the total cost of this property i.e. we can put profits of PPOR into another cash account and use this money to build the next PPOR...

I'm sure there are thousands of ppl who move out of there property in to a new house then rent out there old property as an IP. How do they arrange there debt? If they borrow against there orignal PPOR to purchase there new PPOR and move debt back against the old property thats the only...

Or can i keep a debt against the property, put the proceeds of the sale of this house into a separate account, then use that money to pay for the new PPOR?

So what will they let me do? Have no debt against it at all? it is just like i am buying it from myself isn't it? I can show the value of the property from aquisiton, thats all the debt i wish to put against it.

We were bulding an IP using a big builder when we got an estimate of our Principal residence and decided to sell it, which we have. ($140k profit over 2 yrs!!) We are going to move into the Investment property and then build a new Principal Place of residence. We will only have a loan for...