Due to circumstances involving moving overseas, my parents are required to dispose of their paid off PPOR. We originally planned to simply transfer the title to my name but I am now thinking of purchasing the property off my parents. I am already living in this property. We intend to: - Take an Interest-Only loan with offset account to purchase the property off my parents. - My parents will gift me the money received from the sale of the property to put back into the offset account (effectively paying no interest). I will NOT be paying any interest on this money to my parents. - I intend to buy another PPOR about 1 year after this purchase, taking out another IO + Offset loan. - Transfer the money from offset in home #1 into home #2. Home #1 becomes a negative-geared IP. Home #2 is now PPOR. Would putting the money received from the sale back into the offset account (pretty much straight away) of home#1 cause any issues? Would having an existing loan, paying no interest due to being fully offset, affect my chances of obtaining a second loan for my new PPOR after a year?