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Thanks Jess! :) Can I push the friendship with one final question, last one I promise :p IF you did do option 1 (I know its not the best option but just so I know all possibilities) and then you decide you want to purchase an IP and create the extra split. Is this a very simple process? Can...

Thanks Jess, really appreciate the replies. One last question though just to get my head around it properly :) With option 1, say you get your property valued and it come in at 300k. Your existing loan is 200k so you refinance the 200k plus the additional 40k of available equity and you...

Thanks Jess! Number 2 is exactly what I thought as well but have just read some different responses over the years (Likely me just interpreting some of the wisdom incorrectly). Regarding option 2 if you wanted an equity split (NOT LOC) what about in the scenario you wanted to refinance now...

If you own a single IP and you refinance and as part of that are able to access an extra 50k to still keep you at 80%, where is the best place to put this? I have just read and heard different replies to this. 1 - Put it into the loan redraw until required then create new split. 2 - Crete a...