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Ok cool. Starting to make sense. Thanks guys. I am disciplined with money (without being tight) and we aren't moving (hopefully ever!). We love our house in Torquay and it's big enough for growing family needs. So! I'm going to check Hadfield, Glenroy and Epping this weekend. Someone...

Great. I'll just go with the fact that I'm dumb :)

Something I might not have mentioned: I don't use my PPOR loan at all. The loan was for $200k. I have $200k sitting in there in redraw. The balance is $0 and it has stayed frozen like that for a year or so. I have another $100k currently sitting in my investment property offset. That's the money...

Jamie M, My only issue is.... isn't my PPOR loan non-deductable? My aim of moving it over to the LOC would be so I can use it as deductable money without mixing up personal funds. Am I missing something (probably!)?

So, in basic terms (because I'm not very financially savvy with all the terms): - Close off PPOR loan with Westpac - Borrow the $200k as a LOC from Macquarie. Benefits: - I will access a lower rate (yes, I've confirmed this) - I will have funds in LOC ready to use which I could perhaps...

Situation: I have $200k available for redraw in my PPOR Westpac loan. The loan is $0 (paid off). I'm get a pre-approval from Macquarie for IP2. They say I can borrow $500k without closing down the PPOR loan. I want to borrow under $500k anyway Question: Should I: 1) Keep the PPOR loan open...