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Offset vs redraw - def not the same! Not a fee issue, a tax issue - everything you deposit via a redraw facility is deemed repayment of the original loan, so when you redraw that is considered a new loan for a new purpose, and ends up being non-deductible (unless used for investment purposes and...

Something to be aware (as I have recently made this very painful discovery myself!) of are the tax implications of a redraw facility vs offset - offset is the one you want if you have plans to convert this property to an IP in the future. RAMS don't offer an offset as far as I am aware (they...