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Jamie In my reading of TR 2000/2, redraw taken out form PPOR mortgage loan for IP purposes is tax deductible although with the on-going requirement to apportion future interest expense and any repayments between tax deductible and non-tax deductible. Could you please clarify? Terry I...

Your bait has been taken, Terry. Dropped you a PM.

Thanks Jamie. I will pick that up with my Bank. I should then be able to manage it as a top-up to my existing mortgage. Am I correct in thinking there is no avoiding that only half the interest on this tranche is 'mine' for tax deduction and the other half is my wife's?

I am a relatively recent arrival to Australia and I am looking to start my property portfolio with a purchase of an investment property and would welcome some advice. I am looking to fund the property from my redraw balance on my PPOR (this is sitting in my loan right now effectively as an...