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Yes, as indicated in my original post. Loan 'B' has higher interest rate as well compared to the $80k loan.

Thanks Peter. The $80k loan is from an online lender which doesn't offer offset facility. Not sure yet if I want to refinance the loan at this stage. Will probably look into it if I have more time on my hands.

So here is my situation. I own two properties, 'A' and 'B'. 'A' used to be the PPOR. I took out about $80k equity from 'A' to buy property 'B' which become my IP for about a year. This was done by splitting the 'A' home loan into two and switching the loan to IO. Recently moved into 'B'...