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its good people are thinking about this and making sure they do the right thing from the start, as so many people dont realise this and it is only no end of trouble later on (currently the first 2 threads in this forum are both about people who have P&I PPOR they have paid a lot off and now want...

it sure does, because when you redraw it from the loan, you arent redrawing it for investment purposes, you're redrawing it to put in an offset against your (current) PPOR. this is exactly the reason its recommended to go IO with 100% offset for a PPOR that there is even the slightest chance...