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Possible choices 1. Borrow 100% to buy the new one. 2. Sell existing house to spouse, or one spouse buy the other spouse's share and borrow to do so. 3. Sell to a trustee of a trust 4. Sell on the open market and reposition yourself to buy another replacement property. It is a...

Yes, it is your choice. You can sell or borrow 100% of the new property. Overall your loan position may be the same. If you could claim interest on reborrowings on investment properties to fund private expenses everyone would be just doing that to pay off their non deductible debt. You...

That is like saying I need to borrow money to buy my new home and the interest should be deductible because I own a car. If I didn't own the car I could have used those funds to reduce my loan. Doesn't make sense. ATO doesn't make the laws, but implements them (and some times makes up their...

You need the loan for the new property, not to keep the old one.

You will need to speak to a solicitor and an accountant. You need to do the conveyance - the purchase from one spouse by the other. For interest to be deductible you need to set it up correctly. You could ask the OSR for information and look up the Duties Act yourself. This would give you...

No. This is not possible and your argument is not logical either. If you own property 1 outright then how would borrowing against it enable you to keep it? You will be borrowing against one property to buy a new property. If the new property will be owner occupied then it will be a private...

If your property is in VIC then spousal sale will work well. Nominal stamp duty and no CGT. You need to speak to your lawyer and accountant - and mortgage broker as the loan needs to be done of course.

I should expand. see my post above. The interest on the loan won't be deductible if you use the borrowed money for your new main residence.

No, you cannot do that.

Handyandy's correct. You cannot refinance a non existent loan. What you are talking about is borrowing money. It is the purpose of the borrowings and the use of the funds that determines deductibility and not the security.