Pay Less Interest - Offset vs Redraw?

Redraw Facility vs Offset Account Explained     Property Investing In Australia Is A Game of Finance     You may be paying too much interest on your home loan!     Offset Account Pros:  Liquidity / control  No approvals required  No minimum amount you have to redraw or fee  No tax implication, you loan is still deductible    Offset Account Cons:  Poorer rates  Redraw not considered an asset  Sometimes offset accounts come with an annual charge  Sometimes you can’t offset 100% but with redraw you can   Discussion Points: 00:00: Introduction 02:12: Offset and redraw? 03:03: Offset account vs redraw facility  03:17: Liquid/control with offset  03:59: No approvals with offset 04:33: No minimum amount to redraw  05:15: No tax implications with offset 06:47: Better rates in redraw 07:37: Redraw not considered an asset 08:20: Annual fees 09:00: Can’t always offset 100% 09:40: PK’s recommendation  10:40: Conclusion     About The Host: Subscribe to Aus Property Mastery with PK for no BS, “straight to the point” property investing strategies and data-driven insights about the Australian housing market - the only property podcast not biased by a “Buyers Agent”. You can listen to Aus Property Mastery on Apple Podcasts, Spotify & YouTube Music.  PK Gupta is the founder of the Property Investment Accelerator — Australia's #1 Rated And ONLY 100% Independent Real Estate Course & Mentorship Program that helps people achieve passive income through property investing using DATA, WITHOUT wasting months doing "research", spending weekends at inspections OR dropping $10-20k on Buyers Agents each time.    Resources:          Watch FREE Trainings On Our Website  👉 https://consultingbypk.com.au/         Get Suburb Tips & FREE STRATEGIES In Our Private Facebook Community With Over 50,000 Clients & Investors  👉  https://www.facebook.com/groups/passiveincomethroughproperty Watch No Nonsense Property Market Insights On Our YouTube Channel  👉https://www.youtube.com/c/AustralianPropertyMasterywithPKGupta     Disclaimer: No Legal, Financial & Taxation Advice The Listener, Reader or Viewer acknowledges and agrees that: Any information provided by us is provided as general information and for general information purposes only; We have not taken the Listener, Reader or Viewers personal and financial circumstances into account when providing information; We must not and have not provided legal, financial or taxation advice to the Listener, Reader or Viewer; The information provided must be verified by the Listener, Reader or Viewer prior to the Listener, Reader or Viewer acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener, Reader or Viewers accountant; The information may not be suitable or applicable to the Listener, Reader or Viewer's individual circumstances; We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, Reader or Viewer, and we have not provided financial services to the Listener, Reader or Viewer.  See omnystudio.com/listener for privacy information.

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