Thank you for the example. A very good one.
You made a very good point. Thanks.
The issue is you may not be able to win the auction in the current market so you might waste couple of thousands if you lose a few auctions?
Just wonder if you purchase Building and Pest Inspection Reports before you buy your property?
For example? For redraw you have to pay fees?
I think there are lots calculators you can use - all the main banks have one. Here is an interest post on offset. Top 10 home loan offset...
I believe an offset is a transaction account and that's why you don't pay tax because you don't earn any interest.
You perhaps already figured this out. However, just want to point out offset is always better than redraw.
Excellent scenarios! I have developed a home loan structure calculator based on the following scenario: You buy 1st property now and want to...
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