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Thanks Chris, Yes i should leave the redraw in place , perhaps use it for investment purposes later. If i did need to use the redraw money for ppor how does the non deductable interest get sorted? Is it every tax return i have to apportion interest to the redrawn funds manually myself? Does...

Hi , we are getting a bit sick of the 'characters' we live amongst renting cheaply , so looking to buy ppor . Situation is own 1 IP worth about 340 k . Owe St George 150 k . Rate 5.49% after advantage. 50 k Redraw. 50 k Offset. Need 420k to buy ppor. Stg branch guy offered to...