But after tax at her marginal tax rate of 39% surely Megan is better of putting cash in the mortgage offset? If shares at 10% return 6% after tax and mortgage offset is 6% tax free putting 100% of the cash in the offset without risk is a no brainer.

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Great question and such a good answer.

How would this apply in the situation of having investment properties with mortgages owing and rates at over 6.1% and having an offset with the primary residence almost fully paid off? I'm a single mum and need to create wealth for my two children and is having an offset hurting my tax position as investment property interest usually works in one's favour?

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