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Thanks Shahin, the LOC that I currently have is on the same variable rate as the 210k mortgage - 5.79%. Its on a package with Suncorp, quite happy with them to be honest. I did insist with them that they be stand alone mortgages, not a problem if I use the LOC as the deposit apparently but...

We owned three houses in the NT before the booms of 2004 onwards, we sold them all before that for very little gains, that seemed good at the time. I have regretted selling those properties every day ever since, I would be a very wealthy man had I just held onto them - they were positively...

I am lucky Nemo, my wife is very on board with me and happy to leave the decisions up to me, we are a team and she gets behind me trying to make a life for our family. Believe it or not, I actually made an offer on three properties (PPOR!!) before without her seeing them .... and she fully...

Well after a few late nights studying websites on tax I have come to a decision. I probably should have mentioned in my original post I have had a LOC loan against my PPOR from 2010 when it was still an IP. I had intended to use the LOC to buy shares or cattle but never went through with...

Thankyou all. It would mean a lot to us to be able to keep the current PPOR as an IP but given we have paid off half of it the tax concessions will be miserable and we would end up with a lot of non deductible debt. Its a real catch isnt it - you pay more into your mortgage thinking it gets...

Until about 24 hours ago I had never even considered "structuring" anything. I am so glad I put this up to the forum because it sounded great in theory but just sounded too good to be true .... and it was. So do I need a broker, lawyer or an accountant to give me advice with this, help me...

Thankyou for the advice. To be honest I had heard the term before but never knew what it really meant. I do not know if the bank are intending to structure the loan this way, but we intend to meet with the bank this week to discuss. I might insist they set up each as a stand alone or walk to...

I had been conditioned to believe if I wanted to upgrade I would need to sell our PPOR first however a suggestion was made to restructure our finance on our current PPOR by buying out my wife (not a divorce) and converting the current PPOR to an IP and then buying a new PPOR. It sounds good...