Thanks your your replies.

Yeah I do have a fair share of accountants, financial advisers even ATO staff who gave quite different advice.

Interestingly enough, the Westpac staff told me that she didn’t know the 6 year rule but was adamant that there is bank’s internal audit which will make sure only investment loan can claim rental deductions.

I guess there must be something to influence the loan type as if they have no impact on anything, why would people choose investment loan with higher interest rate?

Cheers.
Harry