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Thanks all for your brilliant responses. Now I understand it a bit better from various different inputs/angles and time for me to lay out the plan and finally take the plunge. You guys rock!

Hi Folks, I currently have 1 PPOR and planning to buy an IP before end of the year. Would like to know more about extracting equity from the current property and use LOC to fund the next IP purchase. Some variables: A = PPOR initial puchase price = 500k B = PPOR new price (bank...