Hello, I've been trying to find some information re redrawing on the ATOs site to no avail. I have a basic mortgage on a home that was my residence until circumstances changed. I now rent the property out, and live in a rental property myself. Some months are tough, like this month when my washing machine broke down. I want to know if I am able to redraw from my mortgage to pay bills for that investment property. Eg when my next rates bill comes, can I redraw to pay it? Can I total up expenses for one month, including real estate management fees, and redraw that? We are a single income family, but split investment income and expenses as property is in both our names. I saw a basic accountant five years ago when we first started renting the property out, but I suspect the accountant was not a property specialist, and was not given any helpful advice at all. I now realise we should have had a property valuation carried out at the time, also. Also, someone at Centrelink unofficially told me I could claim the investment income and hubby could claim the expenses, but luckily I checked that one with the ATO as that is NOT the thing to do! I'd appreciate any and all advice, and understand the advice does not take the place as that provided by an accountant. Thanks, Tee.