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Don't put the equity funds into an offset account. Leave it in the redraw facility for the loan itself. In an offset account you risk mixing borrowed funds with personal funds, creating problems with tax deductibility. There would be other issues if the offset account is linked to a...

My point is you can't compare one lenders standard variable rate to another. They're not the same, but they're usually not the actual rate you pay. The CUA saying their SVR of 5.40% is lower than the ANZs SVR of 5.88% is irrelevant because you wouldn't take the SVR product from either lender...

It's not the right question to ask... Many smaller lenders like to compare their SVR to the big banks and show tables that demonstrate that their own SVR is substantially lower. What they don't say is that almost all lenders use the SVR as a reference point and they offer discounts below this...