Thanks for the feedback everyone.

i was actually planning on using the redraw for a wedding.

Derek, i bought the property because a family friend was selling it for under market value for personal reasons. i bought it for $250k and its worth close to $300k. i've only had it for a year an a half.

I think i'll switch it over to IO with an offset…[Read more]

hi derek,

the garuantor part of the loan is $155K (20% deposit). Effectively we have 2 loans the $155k deposit and costs then the $536k for the remainning 80% of the house.

We were thinking of renting it out for a year at interest only, to maximise our tax deductions, during this time we budgeted to easily save $50k between us or more in a…[Read more]

Thanks Jamie that was a great article, very insightful.

At the moment we have not looking at the property as an investment as we bought it as a family home but will definitely do the off set account option as per article when we move in, just in case we change our minds and need a bigger place.

thanks guys, been very helpful much appriciated