I'm just wondering if someone can give me some general advice.
I am currently living in my own home, which was originally purchased as an investment property.
I don't owe anything on the house, but I still have the loan account with about $360 000 available redraw.
I would like to buy another house (to live in) and have my current house as a rental again.
Am I able to redraw the $360 000 to put towards the purchase price of the new house and be able to claim the interest on this 360K on my tax return ?