15/10/2026
Offset or redraw which one makes more sense for your home loan?
Both can help reduce the interest you pay, but the way your money is held and accessed is different.
An offset keeps your savings in a separate linked account, while redraw involves accessing eligible extra repayments made towards your loan.
And if you may eventually turn your home into an investment property, the difference can become even more important because the tax treatment of redrawn funds depends on how they are used.
The right home-loan feature depends on your loan, your goals and your future plans.
For more insights on home loans and loan features, speak with OM Financials.
General information only. Tax outcomes depend on individual circumstances. Consider seeking independent tax advice.
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