Hi Richard,

Thanks for your prompt reply! If I am planning to rent out my property after 6 months, would I be better off getting an I&P loan or an IO with an offset account? How do I eventually pay off the principle with an IO loan? Do I just transfer the balance of my offset account into the loan?

I remember reading on this forum that if I choose to use the money in my offset account for another property, then the full amount of my previous loan would be tax deductable…or something along those lines… can you explain what this means??

Thanks again for your help!