How to get a second IP?

[Demoivre]

Thanks Jamie and Rolf again for your inputs,

I guess I'll just wait for this current property to go through before I make definite choices.

On another note I've changed the previous cross collate structure to stand alone.

20% against my PPoR

80% against the IP

Can someone explain to me why the loan on my PPoR will be tax deductible?

 

[serendip]

Can someone explain to me why the loan on my PPoR will be tax deductible?

Because you've used it to purchase an investment property.
(I'm not an accountant and therefore in no way qualified to give you advice)

 

[danwatto]

20% against my PPoR

80% against the IP

Can someone explain to me why the loan on my PPoR will be tax deductible?

Also you shouldn't think of it as "on the ppor", it's actually "on" the investment property, from a business point of view (assets and liabilities, profit & loss). The only thing it has to do with your PPOR is that the bank is holding that as security, in any other way it has nothing to do with your PPOR..