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In essence you keep money you've saved (which is taxable) separate from money you've borrowed (which is not taxable). If you mix the two, such as in a redraw account, it makes it difficult to determine how that money and the loan should be treated in the future. This can lead to further...

Firstly it does look like you're cross collateralising with another property (based on the loan amount). This is going to cause you massive problems later if you intend to build a larger portfolio. If you pick the wrong lender with this structure, you've got no flexibility to move to a...