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Hiya Most lenders offset is actually an offset acct with a totally diff acct number and bsb Some lenders like CBA use the same account number but use a separate BSB number. Then there are some non banks that use a more complicated version of the above, where they have a debit and...

if you are certain that you will NEVER make private ( non taxable) borrowings ever, then the primary benefits of IO with offset over PI and redraw are Redraw is always at the permission of the lender, offset is YOUR money The obvious convenience of cash in an offset account My primary...

Its not so much about the cashflow, since u can get a similar $ result with using a redraw. Offset gives you more options in terms of tax management should u ever rent the property out, or indeed if the property is an IP to start with QUOTE=fbc10;870204] Also my understanding is that the...

Hi 7 WHat you can do with many lenders is have the 100 k cash in a Term deposit and you provide that TD for supplemental security..........100 % lend BUT obviously the rtn on the TD will be weeny and taxable. Useful where you know that in say 6 mths you can release the TD security, as...

Id add put a separate IO loan split into the PPPOR loan when redrawing the 100 k. Ie 200 k PPOR loan. Repay 100 k, reduce 200 k limit to 100, add a NEW loan split for 100 k, pull funds from new loan for investment purposes ta rolf