Thanks again Terry.So in your opinion what would be our best course of action here? not sure what to do.

Thanks Terry for your quick response.But will the interest on the new property be taxable just like any other investment property?   I think our financial/broker steered us in the wrong direction here…really appreciate your advice

ok thanks again Terry,Maybe a silly question, But can we keep our first property and leave it as our PPOR and nominate the one we are building as the investment, even though we are living in it, so we still only have on PPOR.I've heard people doing this when their investment property's are in higher growth areas.Thanks

Thanks TerrySo is there no loop holes i can use?  even if the redraw now sits in an offset account for almost 6-12 months it makes no difference?so do we need to sell this property, then buy another investment property to make it all taxable/legal? Thanks for advice.