Money magazine Comments - How you can survive the looming mortgage cliff Graham Cooke fixed his home loan rate at 1.89% back in 2021, until it expired this month. "Overnight, I felt the full force of 13 consecutive cash rate hikes." https://www.moneymag.com.au/feed/latest?story=179807325 Wed, 29 Jan 2025 17:14:09 +1100 Wed, 29 Jan 2025 17:14:09 +1100 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - How you can survive the looming mortgage cliff https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Robert Wilkinson ()

Savings in a bank account also attract personal income tax thereby reducing your return. Money in an offset account effectively dodges these taxes.

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]]> Robert Wilkinson () Wed, 29 Jan 2025 17:14:09 +1100 Comment by Graham Cooke ()

Good point Robert, should have mentioned that also.

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]]> Graham Cooke () Thu, 30 Jan 2025 10:44:37 +1100