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of course thanks Rolf that makes perfect sense. Unfortunately it is released equity. What do you actually mean by debt recycle? Thanks again.

I thought using the 44K in 1st IP for loan reduction on PPOR is not deductible because the funds were used for personal use rather than contributing to an incoming generating source???? I even applied for a private ruling with the ATO as at the time my current PPOR was a display home and they...

Dear All, I feel the need to buy another IP and have felt this way since buying my last IP which is now our PPOR. I was hoping to get some advice after crunching some figures on whether you think acquiring another IP is something we could really afford? 1st property worth $300k loan of...