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good lucky with getting into your first IP...

If you have 2 IPs most banks will let you setup an offset account for each IP so you can juggle wat you how ever you want. If they are at different Interest Rates then u put the funds in the account that is going to give you the most savings.

From my experience I would say get a loan for as much as you can and then put the rest in the offset account. Pay as little on the loan as possible (interest only repayments) and then pay off the loan into the offset account to reduce incurred interest charges, and if u ever go to redraw from...