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Thanks PHF I would only I dont have the time to travel interstate at the moment. I have been thinking of having things handled a little closer to home but havnt got that far. Anyway, this forum allows a broad view of strategies and is great to use before seeing an accountant. But I...

Sorry Rob, 2 are fixed IO, and the other is variable IO. The idea was to have the Offset account attached to the variable IO loan. Cheers Pango.

Thanks Guys. Rob, is it true that the loans must be P&I for the bank to allow Offset arrangements? I have 2 that are fixed and 1 that is P&I. My thoughts were that I would have the lot revalued, create 1 Offset account and have all rents paid into it, and have all associated costs for...

Rob, I found myself in a pickle because I parked my Tax return into my redraw account as thats where the money is most convenient, and then bought a boat 1 week before the end of the financial year. My accountant deemed that as using my redraw funds for personal reasons and swiftly...

Hi There, I have 3 IP's at present and I am about to do a revaluation, draw down on equity and set up an offset account as I have run into some problems now using the redraw account I have bumbled along with for the past few years. Question is, do I need to have an Offset account...