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Thanks for all the advice so far. One concern is that after settlement, NAB deposited the surplus(top-up) into my offset account. From ATO's perspective, would they see this as a redraw for personal use despite I haven't touch a single cent of it? I also have not yet deposited any money...

Thanks Redom. I do have intentions to turning one of the IP's into PPOR in a few years time. Can the loans still be restructured when the time comes? Thanks Peter, I have not yet spent any of the top up yet. I have only been using my money from the offset account for personal day to...

Hi all, I initially have 2 IP loans with total balance of $500,000 each. I've just had this refinanced/topped up with NAB with the following structure: IP1: $630,000 IP2: $650,000 I intend to use the top-up from as a deposit for the next IP. Previously, I was not aware of the difference...