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Dont. Have your lender reduce your loan and split off the paid back funds as your deposit in a new loan. Effecitvly pays off your PPOR (bad debt) and gives you new debt which is deductable giving your new purchase 100% deductability. pinkboy

2 excellent responses above: 1st hurdle: Restrictive to manage, sell. They also add no scope to renovate or subdivide. 2nd hurdle: Finance. These are hard to finance, and you're already short of funds. They will require higher LVR generally, as lenders know the restricted nature...