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I am really surprised that none of the Mortgage Brokers have come on-line to help you with this. You may not need LMI on your PPOR, if you do an equity draw from the existing home, however, like I mentioned in previous posts, you need to make sure that it is split from the investment portion...

Spot on! You could refinance elsewhere and draw some equity for the new purchase, but that won't be tax deductable. If you go down that route, then get a split loan. One for the amount outstanding amount (deductable) and the rest in a separate facility (non-deductable), as trying to...

The first thing you should do is to change your IP load to IO. Put all savings (for the time being) into an offset account attached to the mortgage. Loans for IPs are tax deductable. They are not for a PPOR, so you should be conserving funds for the up comming new purchase. I will allow...