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No there is not. 'Owner' would claim the interest - which is the trustee. A unit holder of a unit trust could claim the interest, but there is no asset protection.

That is $45k extra you can pay off your non deductible debt per year. A huge figure considering some people's wages are less than this.

Compared to property at apprx 4% yield this is good - no land tax, stamp duty or broken toilets either. And don't forget the potential capital gains (and losses).

generally a great to pay off the home loan sooner and to recycle debt. Look at EFTs to reduce risk.