Search results

I wasn't thinking of the credit card, but that could make it better. This guy's property is an investment property, so the interest is deductible. If he had a spare $100 he could put it in the offset and save interest on the $100 at the same rate as the loan - 4.5% or thereabouts. When...

If you wanted to buy groceries one week the interest on the money used could be tax deductible if using an offset account.

Yes, that is a valid point and many people do tend to spend more if they have cash lying around in offset accounts.

No, as a LOC against the existing property. You will end up with a loan of about 1.04% of the new purchase without crossing the securities.

Borrow the deposit against the PPOR and 80% of the IP value against the IP.

Sounds good in theory, but you will be financially worse off down the track. You can get the same savings in interest by using an offset account, but a much better tax outcome.