Below are some extra items to take into account when considering offset:

  • An offset account can be very effective when used as your main transaction account. As soon as any funds hit the account, they are offsetting your home loan
  • Offset can be particularly beneficial if the tied to an investment facility or if the property may become an investment in the future (always investigate this with your accountant or tax advisor)
  • Not all lenders or home loan products offer offset functionality

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