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I never understood why people just set up their payments as IO ? Isn't knocking off your principal going to knock off more interest in the long run anyway ? I am thinking paying off a fair bit of principal with every payment is going to be good for me, as the interest I pay over the term of the...

I have googled for this but found no answers. What is non deductible interest ? Assuming we are talking about the interest I will be paying after I pull my money out of my offset for the IP, I don't see how this will cost me thousands of $ a year for 30 years - given that at the moment I am...

We are buying a PPOR priced at 470k. 90%LVR. Paid deposit and await settlement in January. Since am an ICT professional making a bit over $100k I want my monthly repayments to be fairly similar. Right now, CUA's 3 year fixed at 4.89% makes the most sense to us as it offers a 100% offset and...