Thanks for the comments PT_Bear.
Could you please provide elaborate on the above? I tend to agree with the point but want to make sure I am agreeing for the right reasons! A lot of posts I have read seem to indicate an offset is superior to a redraw but I can't see why for my situation. I can see where you have an investment property loan, an offset makes sense so you can draw money from the offset for personal reasons but have the loan interest remain deductible. But in the case of a PPOR I almost feel a redraw is better.
I would advise against moving your money to an offset account if you do intend to use it for investing.
Could you please provide elaborate on the above? I tend to agree with the point but want to make sure I am agreeing for the right reasons! A lot of posts I have read seem to indicate an offset is superior to a redraw but I can't see why for my situation. I can see where you have an investment property loan, an offset makes sense so you can draw money from the offset for personal reasons but have the loan interest remain deductible. But in the case of a PPOR I almost feel a redraw is better.