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Thank you, Terry. Yes, she's now more worried of whether she's being ATO compliant. The deduction eligibility is all secondary. And Yes, it's a bugger to work it out. :( Another example ill structuring advice could cost you, soon or later.

Thank you, Paul. I asked why she topped it up without using it. She said she'd have used it as rainy day fund, but such occasion never raised. Now she has built a sizable saving in that account, together with the 90k proceed. What you say confuses me a bit. If that's no private use in this...

No, it's interest only and she never repaid principal. Yes, the 600k is solely for the property. She had got some cash in the offset account before the top-up, so the balance of the offset account never dip below 90k.

Thank you, Jamie and Colin. It's with St George at 80% LVR.

Wow, spot on, Terry. I just viewed her last statement, it's 7 pages for last quarter alone. From flight ticket to utility payment to petty cash withdraw... I'd say proportion by purpose is a hell of a job...

Was having a chat with a friend working in medical profession today. It stunned me the way she structured her loan. She used to own a PPOR which has now been turned into an IP. Associated loan was a $600k variable with offset when she bought it. Around 20 months ago, she did a top-up to 690k...