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Thanks for clarifying Jason. The broker never explicitly mentioned the sub-account (or LOC) which is why I had no idea what he was going on about. Interesting reading, thanks for the post :)

Both of you have confirmed what I was thinking... really don't want to mess with redraws until I can see a clear reason why I should. Ta!

Hello fellow Somersoftians! In preparation for purchasing IP#1, I have been talking to brokers about how to set the finance up. The structure is fairly important as we plan to keep buying IPs as long as our serviceability will allow (plan: 2 IPs this year, 2 next year). We have a PPOR IO...