Thanks Terry, that was super quick response!

We don't plan on buying another PPOR.  I just wanted to know if there was a way of being able to deduct all the interest from this previous PPOR loan once we turn it into a IP.  Or will be have to separate the amounts that were used for personal & the original amount for the house?

Thanks in advance.

Moon

Hi there and thank you both for your input.  We have done some more research and are definitely renting out our PPOR.  I think we may have to wait before we get rid of our personal debt and built up some more equity in the house before we can invest in another.   We will definitely be on the lookout for a mortgage broker – one with IP's… before we go into buying another IP.

Thanks so much