Australians in lockdown or operating under travel restrictions are saving lots of money.

Research data shows we’ve collectively saved $60 billion from not being able to travel overseas in the past 12 months.

Other research suggests Australians are putting that money into investments or renovations.

But there are many possibilities.

In our special webinar event on Wednesday 29 September, Hotspotting founder Terry Ryder was joined by award-winning mortgage broker Louise Lucas to discuss how people can make their savings work best for them in real estate.

Lucas, of The Property Education Company, explored a number of key options, including:-

• Is it better to use redraw or an offset account to reduce the interest paid on investment loans?
• Is it worth refinancing existing loans?
• Should you use cash or release equity to buy a new investment property?
• How can you assess if you can afford new property investments

Ryder also discussed where best to buy an investment property in the current climate of rising prices, identifying markets with growth prospects which are not yet frenetic.

A recommended reference from Louise is the ATO Rental Mortgage Interest Expenses Guide