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Great input, thanks everyone. rizzle, that graph is very interesting. I suppose when the property is cheap, the interest rate doesn't matter all that much with the odd .5% either way. With my current lender, the fixed IO rates are lower than the variable. I suppose TMBank is wanting to lock in...

Cheers guys. OK no redraw until the time comes when I want to pay it down. Food for thought with the time span of the loan if fixing. I guess at this stage it looks like rates won't be going anywhere for a while - so if I wanted to fix, a shorter term could well be even more advantageous...

Hi brokers, I will be living in the new property for the first few years doing renos and will have 2 loans associated with the property: 1/ the split equity loan which is already IO with offset, waiting to be used on the deposit and renos. 2/ the balance of the loan. Does 4.58% for 3 years...