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Thanks ss! Makes more sense... And now our structure is in place & equity just released :) The question is where to buy +CF IP < $350k in Australia?! :confused: Do they exist?!

thanks BMan that makes sense on a PPOR loan.... but it wouldnt apply to IP property/loan because the whole loan $200k was already tax deductable to begin with and thus paying this loan down and then redrawing will just mean its tax deductable for another loan (ie tax deduction on loan 1/IP1...

Thanks BMan. Understand everything else but just the part below... if theres no equity in the loan (because its IO and no principal has been paid down since start of the loan), how does using funds from the offset create that equity for redraw? sorry think im having a blonde moment...

thanks ss followers for the prompt response... its great to have the support that you arent totally insane :D just to clarify, if there was equity available in the IP, it would be best to redraw the funds out and set up a new loan split IO..... but of course, if there is no equity, are you...

Hi All Long time follower of ss but first time poster :) I have read a number of posts in relation to this topic already and am somewhat :confused: so apologies in advance... My simplified understanding is as below…I would be grateful if someone can please shed light in respect to tax...