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It may be a good idea. Because the interest on the big loan will relate to 3 different properties. if you sell one you will need to stop claiming the interest on any loan associated with that sold property - which may be hard to do with one big loan. You would need to split before you paid down...

Equity manager is a LOC. In my view, and I am speaking as a feminist here, you should only use a LOC to access equity to pay for investment expenses - which is what you appear to be wanting to use it for. Once the settlement is all done you will need to split the loans, ideally anyway...

Have you had tax advice on apportioning the loan and deductibility of interest in general?