Hi All, I currently own and live in a starter house that I always intended to one day make an investment property when I "upgrade" to another house. I have quite a bit of equity in it now that I would like to use as a deposit for the new PPOR. If I refinance my current house immediately before I intend to do this, and thereby access a sizeable chunk of the existing equity in cash (and simultaneously increasing the loan amount of course), I can then use that extra cash to use as a deposit for the new house, right? If I then I make my old house the investment, would the interest payments on the entire larger loan (for the old house) be tax deductible? I have heard some people say that only the loan amount before I refinanced would be tax deductible, others say it wouldn't.