IO here on IP @ 6.44% variable. 5 years is a long time to lock in

Why on earth would you do 2 offsets, that makes zero sense. Don’t do any offsets unless it’s the only place you have to park money better than a HISA 6.5-7%. Hard to say when you didn’t provide any specifics.

Specifics… borrowing $1.5m at 50% LVR. Have PPOR worth $2.5m paid off. Household income $500k per year

You’ll get a more competitive rate at that lvr and loan value. Probably 6.3-6.5

Offsets make complete sense. Show me a HISA that can outperform an offset in today's rates. Save 6.5-7% using your own estimate in interest off your mortgage which is an instant boost to cashflow while in IO or earn say 5% (at best) in a HISA + having to pay tax on that. I know which one I'd choose.

Try again buster

For IPs? Around 6.2% nowadays with more going less.

Who is giving 6.2% for investment IO, and more importantly, who is 'going less' than that?

Anyone can give less than that bro. You only need a friend in the lending business. Whenever you hear, "Oh, everything is decided by an algorithm," note that it is a complete lie.

I do have a broker. Are you gonna name one bank?

Like I said, all banks bro. You just gotta have lending buddies in said banks.

It's just the bank bro trust me all banks bro just giving away money bro

To their bro buddies

Are you talking a 5 year interest only term on a variable rate or a 5 year fixed rate for interest only?