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Thanks Terry, Lake and Marty. I'm quite clear now. Appreciate your inputs. :)

Hi Lake, I was actually planning to deposit the redraw amount from offset account into my PPOR loan. Then refinance my PPOR loan so as to split it into 2. One would be the new PPOR loan for $175000 and the other would be a new IP loan for $80000 (non tax deductible). This would clearly separate...

Thanks Guys! Would you be able to confirm that if I were to use the entire redraw amount only for my new IP loan and for no other purpose, it would not be considered as a mixed purpose loan and hence the entire interest on this new IP loan would be tax deductible? I didn't exactly get the...

Hi Folks, I have a question- The balance on my PPOR loan is for $255,000 and I have $120,000 in the linked offset account. Towards the aim of purchasing my 2nd IP, would it be a better option to transfer some amount (Eg 80000) from my offset account to the PPOR loan account which would sit as...