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Nothing wrong with that - lowers your holding costs, and unless you can get a better interest rate for a term deposit than your homeloan rate.... The Y-man

There is a risk of x-coll. A good mortgage broker should sort it out for you. The Y-man

IMHO Mortgage broker - find out how much you can borrow etc. Sets the scene for the type of IP to look for. The Y-man

These 2 are ok. For opt 2: refinance IP1 into an IO+Offset. Use the equity freed up for IP2. For opt 3: make sure you set up PPOR with IO+Offset so it can be tunred into an IO without issues as well as making any "extra repayments" (actually savings in offset) useable for any pupose. The...

Had IP 1's account been set up as an IO+Offset, this would have been ok. As it is you will not be able to claim interest deduction if you draw down to use the money for a PPOR - ever (unless you sell the property). The Y-man

How long was it rented vs being lived in? The Y-man