General information only — not financial advice. This content is intended as educational guidance. Consult a qualified financial adviser, mortgage broker, or legal professional before making financial decisions. See our full disclaimer.
General information only - not financial advice. Consult a qualified financial adviser, mortgage broker, or tax professional before making any financial decisions.
Yes - for owner-occupier loans there are no legal restrictions. However, using investment property loan redraw for personal purposes destroys tax deductibility on that portion.
For owner-occupiers wanting simplicity: redraw is fine. For investors or those who may convert their home to a rental: offset accounts are significantly better - withdrawals don't affect deductibility.
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