The Breakfree package is PERFECT for those reasons alone… but don't you need a credit card with ANZ (something I don't want) before you can get the Breakfree Package. And isn't there a large annual fee to have this package as well?

That is some fantastic advice. Thank you very much! Opening the offset account and waiting a little while until there's enough $ in there before getting the 2nd loan sounds like the solution! So if I currently have a minimum monthly repayment for my investment loan of $2,000, does this amount still go directly into the loan or can I choose to ha…[Read more]

That's some great advice…something I'd never even considered. However, if I don't make any extra payments into the loan, then the interest amount will remain high (which is great for the offset account) but then it also means that my minimum monthly mortgage payment wouldn't reduce the loan by much since most of it would be eaten up by the…[Read more]