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Jeez I love this place. So many people on my wave length :) Negative gearing is not the be all and end all - I don't want to pay maximum interest - I want to pay minimum interest and make money for the next project. Besides that it's a Trust and no negative gearing.

Thanks Terry. Yes we will be keeping everything separate. The offset and credit card is only for Trust money going in and Trust money going out - deposit on another IP.

Thanks Rolf. We chose offset over redraw for those reasons. I like my money to be my money ;)

When I was looking for me loan I got a lot of 'why would you want offset, all you should do is fixed IO or variable IO, you don't want to make extra payments on an IP' Well you know what? I do. I even dallied with going P&I for awhile :) but I decided IO and offset was more flexible. I am...