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Thanks everyone for the advice... If I do re-finance and place in an offset, the interest on this new loan amount isn't tax deductible is it? Shouldnt that be a concern? Would it be better then to not refinance until Im ready to purchase another IP, as it might be more tax advantageous?

Hi guys, I bought a property last year and did some minor cosmetic renovations. It is now rented out... Are there any advantages in having the property revalued, but without the intention of doing anything with the additional equity in the short-term? :confused: Or should I just not...