Hi Ric,
I'm not an accountant but as far as I know you can only have deductions on mortgage interest on investment properties and not on your own home. That's not a deduction I've heard of before since we didn't have that in the UK either.
Have you checked any Aussie accountant websites since they may have more info on what is deductible too? Especially since the tax year is about to end here on June 30th.
Regards,
Karen
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