Hi,
Just wondering whether i should be putting all my savings in my 100% offset account or into another completley seperate savings account?
MyIP figures are as follows:
Purchase price: $401k
Loan amount $420k
Monthly AFTER tax deficit (taking into account ALL costs) = $168.00
Bascially the property is almost positively geared so i dont see the need in putting money in my offset in order to reduce interest repayments?
I have about $20k in savings and not sure weather to put it in my offset or leave it in my ING account earning interest?
thanks in advance
Just wondering whether i should be putting all my savings in my 100% offset account or into another completley seperate savings account?
MyIP figures are as follows:
Purchase price: $401k
Loan amount $420k
Monthly AFTER tax deficit (taking into account ALL costs) = $168.00
Bascially the property is almost positively geared so i dont see the need in putting money in my offset in order to reduce interest repayments?
I have about $20k in savings and not sure weather to put it in my offset or leave it in my ING account earning interest?
thanks in advance