Another question:If negative gearing is best used when your repayments are interest only – would it be smarter to keep your savings in an interest earning account rather than an offset account (which would obviously decrease your repayments)?

Ok…well does this mean I should be financially better off? If I can claim all of these things that I couldn't claim previously when it is my PPOR and hopefully my rent is pretty equivocal….I should have more cash in my hand? And a considerable amount….can that be right?