A home loan feature that allows you to access extra repayments you have made above the minimum. If you have paid $30,000 extra into your loan, you can redraw that amount (subject to lender conditions). Unlike an offset account, funds in redraw have already reduced your loan balance and may have different tax implications.
Go deeper
Renter's rights guide (by state)Bond, rent increases, repairs, entry, and ending a tenancy.
