Sounds like possible miscommunication, doesn't sound right.
As TheFS said shouldnt use the savings from offset, if not enough equity for the next loan... Pay down the PPOR loan with the offset funds and reborrow the funds for investment, thus tax deductible. Would of heard people call this debt recycling.
We use portfolios with the planners / debt recycling case by case.
Pros and cons - for us its a case of sending in a form to vary the limit which can take a week or alternatively have to lodge a whole new application with a few lenders and then battle through valuation issues and a shortfall assists in a faster facilitation rather than waiting weeks for lender to process a variable topup and decrease on another facility
But not all clients get them either. Very case by case. By nature I dont xcoll to begin with.
Probably also so its just out there as other discussion points -
*Upfront Comms on portfolios brokers get are lower than a variable with offset
*Rates on portfolios are higher than a variable with offset (usually)
*Some lenders cant mix a portfolio and put a variable or fixed into it as a sub account and it has to sit outside of the portfolio.
