An offset account is one of the most incredible things ever invented.

Each dollar you put in an offset account reduces the amount of interest you pay on your home loan.

They are definitely worth having a look at.

Thanks for the question Will!

So far 2019 has led to 3 major pieces of positive news for Australian property investors.   1. Liberal won the election   2. APRA is reviewing it's lending guidelines   3. The Reserve Bank of Australia has reduced the cash rate (interest rate) and it looks like they will reduce it again before the end of the year   I cannot state clearly enough that all three of these decisions will have a major impact on sentiment and then property prices over the next 7 years.   You add a falling Australian dollar, an increase in demand for mining and another 300,000 people moving to Australia this year.   It's time to get excited and educated.   DISCLAIMER No Legal, Financial & Taxation Advice The Listener 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 Listeners’ personal and financial circumstances into account when providing information; • We must not and have not provided legal, financial or taxation advice to the Listener; • The information provided must be verified by the Listener prior to the Listener acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener’s accountant; • The information may not be suitable or applicable to the Listener’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, and we have not provided financial services to the Listener.