Get Rich With Rach
Region: AU
Thursday 18 September 2025 04:36:43 GMT
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Catch My Shoe :
I can't believe i understand this usually finance frys my brain
2025-09-20 12:53:32
88
user26383827r8 :
Make sure your bank links your offset account. They have a history of "forgetting"
2025-10-26 03:02:50
3
wls409 :
loans with offset generally 1 to 1.5% higher interest rate use the million dollar redraw to buy an investment property the 1m dollars becomes tax deductable
2025-09-18 10:53:56
9
mouldy :
So you’re best paying the minimum mortgage and put extra cash in your offset?
2025-09-22 09:51:17
46
azzademetrius :
Most of the time you can’t touch the amount in the off set account btw
2025-09-19 03:53:27
5
illestZiila :
couldn't you just redraw the million just before paying off the loan?
2025-09-20 08:08:15
6
Keanu Sutton :
If there is ready available cash people will tend to spend it vs it going straight on your loan account
2025-09-28 05:29:41
0
I Am Also Australian😴 :
What is the net worth of Rach
2025-09-27 22:04:58
0
caramcunningham :
So helpful! Thank you!
2025-09-21 13:00:20
4
Kayla Larsen :
thats when the bank actually offsets the 200k....
2025-09-18 20:28:44
9
Lena :
Thank you! I’ve asked this question so many times and never got it. You explained that so well.
2025-09-30 20:11:09
2
Kirsty Bonner :
if i have some money sitting on the loan can I move it back over to the offset account? as I've been moving money over to the loan so it is building up.
2025-09-28 13:25:53
0
Fluffing :
Aren’t redraws the advice from the infinity group?
2025-09-28 03:37:24
1
Mel Aarts :
can you reccomend a few loan products where the offset facility doesnt increase the interest rate you pay ? i havent been able to find any that the comparison rates are not significantly higher ? annual fee is negligible
2025-09-22 20:30:23
1
Teach Me Tarot :
Haven't you see all those reports of the banks not accurately calculating the offset amount and applying this to the interest each month?
2025-09-30 09:22:25
0
Bryan J Eddy :
So what about if I want to pull the money out of offset and buy an investment property? Stay living in the main property!
2025-09-29 07:13:22
0
Josef Milano :
I found this very interesting, but how will the ATO actually know that I've taken the funds from my redraw in order to be penalised on future tax returns?
2025-11-01 07:08:25
0
Alina Mary :
I have both redraw and offset functions. I have less than $10k in redraw, should I just move it to the offset to get the benefit or is it not worth it now?
2025-09-18 21:47:30
6
Wyatt Hurts :
where do I put the cash proceeds on a mortgage free house sale ? index ? ETF or similar? stepping out then back in after the 5% depositors inevitable fire sale quagmire
2025-09-29 18:53:12
0
CJ MACK :
So when you start earning money off a rental property and getting tax off the profits go buy another house get back in debt
2025-09-28 07:25:38
0
LozandGio :
but what if your mortgage broker says you dont need an offset because you dont have over 70 80k sitting in it to really offset the interest?
2025-10-01 02:55:47
0
Nackers :
Brilliant hope I don’t need to use it thanks for the knowledge
2025-10-06 07:16:10
2
Cameron Ellis :
Can you add an offset account to a loan with redraw, just curious as I currently have a redraw loan and I’m about 15k in advance but I saw it more like an emergency fund if for what ever reason i couldn’t pay my loan for a while or lost my job I would be ok
2025-09-20 08:44:42
3
jubsy :
Mmm yea no thanks. Redraw, will always be the way better option than having your bank saying “oops didn’t link your offset” after the ASIC has a little dig around
2025-10-01 03:55:39
0
Junee :
Does the tax office know though? Also if it’s currently redraw we can refinance and restructure to offset before we change owner occupier to investment?
2025-11-13 00:12:31
0
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