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I'd be doing it ASAP.

You'd keep the same loan and keep the offset account in place against the (now) PPOR loan.

I assume that you're already putting down a minimum deposit for the property and the extra $100k is surplus funds? If you're planning on making this property an IP in 6 months, definitely borrow extra and put surplus funds in an offset account. Exactly how much you borrow will depend on your...

A couple of simple rules: 1. If you've got a non-deductable loan, put the offset account here instead of against a tax deductable loan. 2. Income should be put into an offset account. This includes income from your job, rental income or dividends from shares (this assumes you own the property...