Sell or hold on

[truthinmyheart]

@nightrose Not worth it if current house is paid off, wouldn't be able to claim any interest deductions.

 

[nightrose]

@truthinmyheart Not if you take a loan out against current to buy the new home...

OP should consider all the options, and speak to an accountant

 

[truthinmyheart]

@nightrose If you take a loan out against your ppor to buy a new ppor is still not tax deductible

 

[nightrose]

@truthinmyheart This is incorrect but OP speak to a accountant to structure it properly

 

[truthinmyheart]

@nightrose It's not incorrect. Can't be done. It's why you use a offset on your ppor if you ever want to use it for investment

It only works if you borrow against your ppor to buy an investment property, not another ppor.