Scott No Mates – thanks you your input – i wouldn't have thought there would be a "set" monthly repayment given it was variable and not fixed interest only – am I thinking through this concept wrong.I know if I did't have anything in the offset account then a figure based on the current interest rate would be payable, but if I continue to inject…[Read more]

Thank you  Terry and Richard for your input, as this is the first purchase for me I still need to do a little more reading so I can get my head around what I am trying to achieve.Am I  correct in thinking if I move more funds into the offset account on a monthly basis that the interest payments would reduce for that month? – MM

Hi AllJust new this to post and are finding the posts really interesting.  I am very "green" at investing and think its time that I started.My question is, I am currently in NSW, earning an average income of $100k and have approx $55k in the bank with no debts or unfortunately other assets.   Should I be looking at buying an apartment here in Sy…[Read more]