So I have basically arrived at the following position –

Loan 1: Current property, i.e. PPR in Melbourne turned into IP
Loan 2: Equity release of 150k from IP

Loan 3, new PPOR in Sydney @80% LVR (some deposit having come from Loan 2).

On the l…[Read more]

Thank you for your very helpful response – it is much appreciated.

I have requested that the loans be kept entirely separate with their respective securities. It is all through the same lender however (NAB) – I want to ensure they are separate too to maintain portability of the facility in the future.

In terms of tax, I am…[Read more]

I have lurked for some time though am a first time poster. Was hoping to run my proposed loan structuring on a second property by the forum to ensure I’m doing the right thing (apologies as I’m sure it’s been covered).

Basically:
– own a home in Melbourne which was PPR but is now an IP; IO debt of 600k odd and valued at 1.1m
– have…[Read more]