How long funds need to be in redraw account before withdrawing and claim tax dedcution

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(Newbie)Newbie

16 Sept 2023

I have 200k sitting in my offset for PPOR. I am planning to use 150k out of this as deposit to buy investment property. As I want interest on this $150 also tax deductible, I will be putting this into my redraw of PPOR before withdrawing. Any idea if there is a minimum tenure it should sit in redraw before I can withdraw and avail the interest as tax deductible.

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