Hi all,
Awesome forum, I've been trawling for weeks - some really good info here. A quick question if I may:
I'm thinking about subdividing my PPOR in a couple of years and building a couple of townhouses. I will have a bit of capital soon, and I was thinking about parking it in my mortgage (redraw, not offset). For argument's sake, say I have a loan of 300k, and park 100k in the loan which I will redraw in around 3-4 months time. Will that affect the deductability of the interest when I subdivide/develop?
Awesome forum, I've been trawling for weeks - some really good info here. A quick question if I may:
I'm thinking about subdividing my PPOR in a couple of years and building a couple of townhouses. I will have a bit of capital soon, and I was thinking about parking it in my mortgage (redraw, not offset). For argument's sake, say I have a loan of 300k, and park 100k in the loan which I will redraw in around 3-4 months time. Will that affect the deductability of the interest when I subdivide/develop?