Thanks for your input Derek, although I should have made it clear that what I was asking about was the non tax deductible portion of the loan in regards to taxation.  Richard – we own our PPOR outright.  We do have another loan of $188k but we also have $188k sitting in that offset account IO so not paying anything.  Yes, we will be setting up an…[Read more]

Hi DB,Yes perhaps I'm being a little ambitious when I say I want to sell our PPOR, and have sufficient funds from the sale to pay what's remaining on both IP loans and downsize to a smaller PPOR.  Although while we're both still working we intend to focus on getting the IP loans paid down so I don't think this is unachievable.  We will also ha…[Read more]

Thank you to everyone who has replied to my post.  I am taking it all on board and trying to absorb everything.Firstly, I'll clarify my situation. Yes Freckle, your summing up is pretty accurate.  We will have enough in super to retire on if we want to work to age 65 – problem is that we'd like to retire in three years time instead.  Am not co…[Read more]

Thanks for your advice Jamie.  Am still getting my head around a lot of the terminology used with property investing so bear with me.  When you say not to "cross collaterise your unencumbered home with your investment property" are you saying not to use our PPOR as security on the loan to buy the investment property?  When we got pre-approval fr…[Read more]