Ah ok thanks. Here in Australia we can't deduct the interest portion from our taxable income unless the loan is for an investment property. My mum drummed into

Ah ok thanks. Here in Australia we can't deduct the interest portion from our taxable income unless the loan is for an investment property. My mum drummed into me from a young age that it's better to not be in debt, but she was no financial whiz. I kind of understand what you're saying but I think I really just need to do some spreadsheet calculations to work out the scenarios. It isn't immediately obvious to me.