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Well, it depends on a few things. Whose name was the investment made in. And whose name will you invest in the future? It is also good to keep things separate - although still ok in some instances to have combined loans if all investments. Also you would get a lower rate possibly - not much...

Sorry, I jumped to the wrong conclusion there. It is good that you didn't park money in the offset. I would be inclined to have this loan as an IO loan and then set up a separate LOC to be used for further investments.

You need legal and tax advise as you seem to be doing this for the dominant purpose of saving tax. If you set it up in correctly then you may be just wasting your time. You would buy your wife's share for $250k. You will need to redo the loans and hand over $250,000. (make sure she doesn't...