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Hiya Given that you will buy your own place soon, adn probably use the redraw as a deposit I would STOP paying extra right now. Those redrawn funds will not be deductible if used for PPOR payment I would set up an offset acct and redraw your advance payments right now, well tommorow will...

Hiya Cant hurt to park your money based on those numbers. EXCEPT 1. if you then use the redraw for personal pusposes, then no tax deduction, better to use an offset acct anyway in many cases. 2. Be aware that many I/O loans do not have a redraw facaility available during the I/O...