Thanks for your replies, appreciate them. If we did go down the track of the LOC, is it best to have subaccounts for each of the investment properties (for taxation, and to keep them seperate). Did look through a few LOC loans, at 6.7%, with no application or management fees. Thought that sounded pretty good! And if I did go down the track of a loan with an offset facility, i do like the idea of having a pool of money that I only pay interest on the balance, but I have the flexibility to use the money (at short notice)to acquire property. I must preface this by saying that these loans are only for investment purposes, as we have other accounts for living expenses etc. Your advice would be appreciated Thanks JEFF