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I've always assumed it was deductible to the person on title, based on TR93/32, but this TR covers a house being purchased in 1 name with 2 on the loan This is similar but different facts.

Pete, any authority for this? I am about to lodge a PBR application for a client on this topic.

This is really a tax structuring question. With spouses deductibility depends on name of title. If you borrow from redraw you will be creating a mixed loan - you should split this. If you buy jointly then anyinterest will be 50/50, including from redraw.