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Hmmm - a lesson learned! What about if a second offset was created against the loan, we pay investment income into it, bank draws repayments from it. Original offset is left at its drawn down state and used solely for the purchase of an investment? Cheers CT

Thanks again Terry, when you say never put any cash in the offset, the intention was to use the offset as the source of repayments, thus investment income would go into the offset and the bank would take their repayment from same leaving a cash surplus to build over time. So in that sense the...

Thanks for the feedback Terry and I know this is off the topic from the OP, but responding to your points; I was advised to pay down loan 1 in order that the repayments be reduced to a level I wanted. With an offset they wouldn't vary the repayments down. On the other 2 loans that are...

First a disclaimer, I'm not an accountant, lawyer, banker or broker - basically I can only relate my personal experience, so take this information with a pinch of salt. I like you wanted to use equity in PPOR to invest. What I ended up doing is; Loan 1: PPOR, Variable P&I, 100% offset plus...