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With Macquarie you can't have an offset on the LOC loan. I wouldn't recommend a LOC like you are suggesting either. You could save more money by using an IO loan with an offset - on any no deductible debt. But since you are going to settle soon it may be better to leave things as is now and...

Then best not to pay PI i think.

Is this for the PPOR portion? If you intend to stay there then paying it off will be good. But if you were to later move out and rent it you would have less tax deductions - $100,000 x 5% = $5000 in interest = about $2000 lost per year in tax savings.

I think it is ok to have a few loans with the one lender. However I wouldn't suggest a LOC loan. There is no offset so you would have pay all wages into the loan or park your money elsewhere. This is ok if it is a main residence and will never become an investment ever. if it did become an...