ownership name for tax deduction effective way

Hello everyone. First time post on PC.
My wife and I are about to buy a investment property.
We have a PPOR joint name.
I earn around 70K annually and my wife earns around 24k.
which name should be on investment property for most effective tax deduction way?
and Thinking about taking my name off from PPOR. Is it cost a lot to change ownership of PPOR?

 

will the property produce a positive or negative income?
Will there be any capital growth?

 

It depends how much deposit we put on it.
and hoping for some capital growth.

 

you should be borrowing the deposit.

 

WE have around 200k equity from our PPOR and about to apply loan

 

that means you will probably be borrowing the deposit.

So if you buy a property with 103% borrowings will it be negative or positive cashflow, presecurity?

 

could you please explain what it means? we are planning to borrowing 20% deposit
and stamp duty and etc. If we put 20% deposit, it will be negative gear

 

e.g.
$100,000 property
$3,000 for stamp duty and legals

You borrow $23,000 secured against your main residence and $80,000 secured against hte new property
= $103,000 in borrowings for $100k property

 

Is that a strategy?

 

oh I got it. Thanks for explaining.

 

yes. we are buying in inner city.