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Ah, makes very good sense. Thanks for your feedback.

Why is it important to split the loans post settlement? (and it's a 3 lot subdivision, so 3 separate loans?)...

Would it be more beneficial to go for a LOC (bank manager said the equity manager behaves similar to LOC)?

No, only on asset holding and/or selling (gst etc). This would be a good idea, thanks. However, I think it's time I changed accountant...

Thanks Rolf, Is there a better strategy? And yes, its anz. Looking at the interest on the equity manager I'd pay a lot less interest compared with re negotiating existing loan. Could I refinance the equity manager once subdivision is done?

Hi I'm subdividing my IP and the bank is offering the following: Scenario 1 Equity Manager Balance $60,000 Interest Rate 5.78% No set repayment Loan approval fee $600 Loan administration charge $150 per year Scenario 2 Re negotiate existing loan with additional $60,000 Interest...