Property Investors

Loan structure is an important consideration for investment property loans.  Your accountant is the best person to advise on taxation related matters but it is generally encouraged to secure an offset account linked to your investment home loan.  This allows the loan account to remain untouched with rent and loan repayments transacting in the offset account.  Any balance  in the offset account reduces the interest charged in the loan account therefore minimising the interest charges.  This will allow your accountant to clearly identify the direct costs associated with your investment property loan when it comes time for your tax return.

Some lenders also offer multiple splits for home loans and offset accounts.  These are particularly useful if you have multiple properties and associated property loans and, or personal loans or car loans.  By setting up one facility with several splits you can often avoid multiple fees and charges that would apply if you set up several stand-alone facilities.