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  • Profile photo of htopghtopg
    Participant
    @htopg
    Join Date: 2010
    Post Count: 1
    April 12, 2012 - 2:08 pm

    I am in a much worse situation.
    My PPOR homeloan only has redraw facility but no offset account.
    I made extra payment to make the balance 0.
    If I turned my PPOR into IP, tax deductibility will be 0 :(

    BankWest told me that I have too much equity (600k x 80% = 480k) and I can only afford to have only one more IP with their loan.

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