https://www.propertyinvesting.com/members/skippy455/activity/ Activity feed for skippy455. Fri, 17 Apr 2026 12:40:50 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 9b51a9f161cb2398156f997948ee6c94 https://www.propertyinvesting.com/topic/4395056-redrawing-from-principle-home/#post-4597384 Tue, 24 Feb 2009 08:34:10 +0000 Thanks for the clarification Richard.Although I assumed Dan was referring to the redraw portion of the loan only. I suppose if I'd known 6 years ago that the property was going to become an IP, I would not have been paying any of the capital off, and may not have put in as large a deposit, but you live and learn right?I will still redraw on the…[Read more]

]]> 00b0244bb2bbd3da86e9b3e5bb1eeecd https://www.propertyinvesting.com/topic/4395056-redrawing-from-principle-home/#post-4597382 Mon, 23 Feb 2009 08:56:39 +0000 Thanks Dan and Richard for your comments. 'The test for deductibility of interest is, 'What were the funds used for?' So, in your situation, the interest would not automatically be deductible, just because the security is an IP'That pretty much clarifies it for me.Cheers,Billy. 

]]> df84dc556e6da1e74e83ba772730e7ec https://www.propertyinvesting.com/topic/4395056-redrawing-from-principle-home/#post-4597379 Mon, 23 Feb 2009 05:29:58 +0000 Hi There, I’m new as well!Can anyone comment on a similar question to the above, however, my situation is, having recently (in the last six weeks) converted my primary residence (of 6 years) to an investment property, can I increase the loan on the now investment property, but only up to the amount the property was originally purchased for, ie o…[Read more]

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