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I recall someone else also saying something about St George saying the word 'illegal' = doesn't make sense.

This doesn't sound good. Can you explain?

But you need tax advice - how do you know how to split the loans. They are already mixed so you need to work out the relevant portions and split.

This won't change anything about loans or deductibility of interest. What you are talking about is claiming stamp duty.

you cannot reimburse yourself with borrowed funds and claim the interest. Therefore these borrowings will be a private expense and this further mixes your loans. Getting messier.

There may be further issues with how you withdrew amounts and later paid them. If you drew down into a savings account then even if you used the funds for investment purposes the interest may not be deductible in full. This is why it is very important to get advice before doing any refinnance...

Ok, clear now thanks I agree with Shahin, you have contaminated your investment loan by mixing deductible and non deductible borrowings. What you need to do now is Refinance the existing loan of $250k. Split it into the relevant portions ? approx. $160k and $90k (how did the $52k jump...

That still doesn't make sense. What is the number on your statement for loan balance? Sounds like you have lent the bank $52k?

How does a loan have a negative balance?

I can't understand your numbers as your post is confusing. How much is owing on your loan for instance; $52k? Or it is paid off with $52k in bank (a negative loan) or is is original loan paid down by $52k? etc Shahin has described your situation well - a dog's breakfast. It sounds...