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OK. Currently the rent comes in at $700 per fortnight once PM fees are taken out. It goes to what is currently P&I @ about $420 per month. The rest goes into redraw and is used for maintenance, strata etc on all investment properties. I now want to split the loan to fix some of it. The...

Revisiting this thread for a question with a different angle. I understand this. But ... Can I split the loan, use the rental to make the IO payments (or P&I), make the redraw payments and then put the rest into an offset for a completely different loan (another investment property/maybe...

I'm sure it's correct. ;)

I've got a couple of others with 100% offset. I want to keep my redraw and I don't need another offset.

yeh. Like this 1. fixed w/ or w/out offset 2. variable w/ redraw 1 loan split into 2 with offset and/or redraw. Just wanting to lock in another at 4.09% but keep my redraw. I now have 3 properties and 6 loans ... thanks to SS

Thanks Brady, that's an option too. I like having a redraw for maintenance on properties and buffer plus I have several offsets now so will split the loan (2/3 fixed 1/3 variable) and keep the redraw for this one. When it gets close to full I'll target one of the offsets. ;)

Thanks for that Terry, was thinking of some of your past posts when I said no to the suggestion. So I was right. Cheers. :)

Would I get into trouble with the ATO if I changed the redraw to an offset?