Dear forum-members, We (my wife and I) would be grateful to you, if anyone could provide a great solution to our scenario. We are living in a suburb (22 km South-West of Melbourne CBD). We have paid off the mortgage of the house we are living in at present. We bought a block of land in a neighbouring suburb, 1 year ago and now we are building an investment property on it. We're building it with Porter Davis. The way things are shaping up, the investment property is going to much better than the house we're living in at present. The problem is - if we move in to this new house and start living in it, we would have to pay off this big new mortgage of $550K, and we can't claim that interest on tax. And to make matters worse, if we give the house (we are living in at present) for rent, we can't do any negative gearing on that. And we have to declare extra income from this rental house. So, we are looking for a legitimate way of transferring the big mortgage of this investment property ($550K) to our existing house (we've been living in for 7 years - of which, the mortgage is paid off); So, that we can give it out for rent and we can take the benefit of negative gearing. And at the same time, the new property becomes mortgagge-free. Any suggestions / recommendations would be greatly appreciated. Thank you in advance.