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Wow I didn't realise this was the case with a PPOR. An offset would be easier then.

Mmmm. My understanding is that you can redraw your funds while you still live there and the loan reverts to what it would have been without the extra funds. The loan then becomes completely tax deductible once you put a tenant in your property. You can still do whatever you like with the money...

Thanks for this Jamie - you have a way of spelling things out clearly. Wondering whether there would be any disadvantage to this: Same strategy - i.e. buy ppor, live-in, renovate (optional), use redraw to park extra funds instead of off-set, find new property to move into, withdraw funds...