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Thanks Rolf. So if you are purely buying IP's (and for arguments sake their is no intention in the MT/LT to buy first PPOR) then their are limited tax benefits in the strategy of offset accounts? I currently use PI on one of my properties as my rental income covers PI repayments. LT view...

So what strategies do people use with this offset account? By reducing your monthly interest you increase your cashflow. Is this surplus used to pay down the loan? Also my understanding is that the benefits are not as great on a fixed interest loan. I believe comm bank reduce your interest...