We're with CBA and have the wealth package with a re-draw facility and an off-set account.  This was the standard set-up 5 years ago, so are you sure you don't already have an off-set account, they call it a MISA??Having money in the re-draw or off-set, makes no difference to the interest rates, there no extra fees for having money in both, one,…[Read more]

As mentioned above ,,, take great care in the set-up ie: company, trust, partnership etcWe used a trust, which is administered by a partnership, and found we could not split the mortgage 1/2  an 1/2.  So we have one mortgage which both partners are guareentors for.  This is now a problem and hinders our finance options, as in the banks eyes, ea…[Read more]

Don't do it … we are currently in a property dispute with a partner we thought we could trust, money changes everything.If you really want to do it, make sure you have a partnership agreement in place, talk to your lawyer, prior to any purchase.  Make sure your agreement has an exit strategy, how to calculate cost and distribute profit. Who…[Read more]