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Hey Brocky, All I can recommend now is picking up the phone and calling an expert. Rolf clearly knows his stuff and is across this so do yourself a favour. One bit of advice I can give now with certainty is a good team is going to be the difference between a good investor and a poor one. For...

I may be missing something here but how can owning a negatively geared portfolio help the OP pay of his PPOR debt quicker? Ofcourse if it is cashflow positive then it makes sense but if not then he will need to come up with the shotfall each week which is money he could be using for his PPOR...

First and foremost I really recommend you speak to a qualified accountant as you are potentially costing yourself a lot of money. There are a lot of options on these forums (Rolf, terry, Paul are all exceptional). I am just a property enthusiast so my advice is purely from my understanding...

I am not at all qualified to talk about tax but one thing I do continually read on the forums is that you pay down bad debt where possible. I know you said you could only claim $1500 but isn't that better than nothing and if you keep compounding $1500 each year into your non deductible debt...