Thanks Jamie!!I had an idea that was the case, I guess the question was more for confirmation purposes.G'day Richard, how are you?Yes mate, We have no real plans to move out just yet but will eventually turn the P&I to an I/O sometime down the track.Cheers guysHeath 

Jamie, I agree with you on the structuring of the loans; however, I have a question for you myself. Should Franky set up an 100% offset account against PPOR?So the structure would look like this:1. Current loan against PPOR + 100% offset2. IO equity release against PPOR (used for deposit/costs on IP)3. IO loan for IPTaHeath

Jamie M wrote:
Hi IDV8Welcome to the forum. What you've described is quite common and can be a handy way to take advantage of Govt. concessions whilst kick starting your portfolio.From a finance perspective, if this property is going to become an investment then I'd consider a couple of things.Firstly, I wouldn't pour too much of your own money…[Read more]

Hi DavidIt depends on what your investment strategy is and also your current position. There is merit in both with the way the current market is at the moment.I guess most people tend to go an IO as the higher the interest the better it is for tax deductions.I personally have an IO set up with a 100% offset account for my IP. I like the flexi…[Read more]

G’day,
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