Thanks guy! and thanks Terry! I think i understand it now, cheers! :)

hi terry,

never knew what I’ve done by refinancing and parking the money in the offset would’ve created such a mess..

say if I am able to postpone buying my ppor for another year, can I now use my offset (borrowed + personal money) to buy another investment property instead?

if I can buy another ip without tax issues then hopefully after 1…[Read more]

Thanks terryw,

That is correct.. I had refinanced the loan and put the extra borrowed money into my offset account..

Is there a way to fix the contamination? It’s only been less than 12 months so if I look back into the offset account, I can easily determine how much I’ve been putting in since the refinance..

By the way, this loan+offset…[Read more]

Hi all,

sorry to bring up an old thread, I am also having the same question as the OP.

Currently I have an IP and about 6 months ago I have refinanced it thinking to purchase another IP, however things have changed and I am now looking to purchase a PPOR instead.

Current IP Loan: 350k
Current offset amount: 100k (including my savings)

Since…[Read more]