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Thanks all for the replies. Managed to get the increase, split, then leave the funds in redraw and get a cheque book to start writing them cheques. Just flew into Brisbane today, and have two days of seeing as many properties as possible. This is the fun part!

Just to clarify. 1. Withdraw 100k 2. Split loan 300k/100k 3. Put 100k into 100k split 4. Then withdraw from there for purchasing costs Does that sound right?

My thoughts are to withdraw the funds and put straight into a linked offset account to that loan (no PPOR loan anyway) then the 10% deposit and the stamp duty can be transferred to their respective accounts from there. Will that satisfy the taxman you think? And you might be right, the...

Hi All. Long story short, I'm dealing with a less than helpful broker :mad:, and my accountant is MIA at the moment, not ideal when possibly about to make a costly mistake. For some reason our broker didn't want to go down the path of taking out a separate loan such as a LOC to access the...