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Rang the ATO direct and confirmed that I can both (a) claim an interest benefit and (b) I can put it all against my name (not wife's) on the basis that the IP title is in my name only. Good news. :)

Thanks MJ, thats a neat way of considering the question when to buy again. So re the negative gearing aspect I guess you're suggesting not to worry about this for this deposit portion? Let me try to be more clear with where I'm still not clear. So... Assuming: If you borrow the 20%...

Oh, just noted here that in this case my PPOR Loan is in both my/wife's name, hence would the negative gearing effect on interest for this portion have to spread 50% across myself and my wife (who's on a lower marginal tax rate, hence less gearing effect)?

http://www.somersoft.com.au/Software.htm

but in this case the purpose of my PPOR loan wasn't for a business, so wouldn't this imply that I can NOT get a tax benefit on the interest? (i.e. we're talking about redrawing on a personal loan to use a deposit for a IP)

ok, understood I think. Can you validly claim interest for the money you redraw from your PPOR loan (i.e. a personal loan) as an expense however? Someone once told me they had the bank write a cheque for the redraw to attempt to make it clear the redraw was going to be associated with paying...

Bazza - what did you mean by this exactly (penny hasn't dropped yet). By separate did you mean to use a trust, or is there an approach in-between you're referring to where the IP is still in your own name?

Is the idea here you have individual property investments stored/saved in their own file, and then you can link them up? Does it do this task in an easy-to-understand way? For example if you have a retirement equity value in mind can you use the Wealth Builder to prove you have a plan of...

does it really matter if you're buying your IP in your own name? i.e. would your PPOR be up-for-grabs anyway in this case if things went bad? WillG - What did you mean by "tie up more equity than you need it to"? Just interested in understanding...

thanks for the replies so far - being able to understand the answer to this one was more about pulling together an overall retirement plan to see how things look - when I actually buy a 2nd IP will undoubtedly change as the time draws nearer. Is the PIA software the most used software for...

Hi, With my own house paid off I'm reasonably OK doing the basic maths for the 1st Investment Property scenario. QUESTION: How does one determine however, when to make a purchase on the 2nd IP? That is, how many years after the purchase of the 1st IP? Some things that come to mind...