Time to invest or time to pay down loans and save ?

Thanks John

I think your probably right keeping the cash in the offset accounts and waiting a little while longer is probably the best thing at this time.

With the 49k  its in an offset account on a 49k mortgage and if I  was to pay it off and use the freed up  I.p added to  the one I own out right I would have 2 I.P's valued at 250K plus and my question was would it be better to stick with an interest only loan or go for the Principal and Int loan .
But I see your point holding it in 2 offset accounts and having the cash is better if along comes  a very good deal, I can move on it quickly with a cash deposit and  borrow on the I.P I own  so still keeping the majority of my cash in the offset accounts
Is this what you meant ?
My fear is not using the cash and the one unencumbered I.P in the most advantageous way possible.
Hope this make sense..
Thanks
nucopia