Jamie,

Thanks for the feedback its much appreciated….But sorry for my naivety but when you say top up do you mean another loan???..and I assume you are talking about the IP having a year of negative growth?

Thanks for the feedback, couple of clarifications though….the properties involved are not on the Gold Coast, it just happens that I live on the Gold Coast and therefore the advisor I am talking to is also based here. It is a plan based around using the LOC to pay off the existing interest priciple loan with the aid of an investment property, the selection of that propertey including location is up to me, they are offering their research to aid in the selection etc. On the surface it doesnt seem like one of those shonky deals that were in abundance here on the Coast, and to be honest the market here isnt one to be doing much with at the moment (only my opinion) there are better oppurtunities in the SEQ area.
Would be interested in any feedback in relation to the LOC part also…cheers