Thanks Elka, much appreciated.  I was initially hoping to buy a new PPoR perhaps 6-12 months after moving interstate but if I rent out my current place then thats unlikely to happen in which case I won't have any needs for the funds any time soon.  So might I be better off putting most of my funds back on the mortgage & refinance it to r…[Read more]

Thanks for the replies so far – much appreciated!

Terryw wrote:
I am not an accoutant, but think you are correct on the 6 year rule. Once your property is rented out, or even while you are trying to rent it, I think all expenses should be deductible.

Great!  Good to know TerryW. 

elkam wrote:
Or if you had just put these extra payments into an…[Read more]