AU Australia property term
Redraw Facility
Australia-wide
Plain-English definition
A loan feature that may let a borrower withdraw eligible extra repayments previously paid into the home loan.
Why this matters to a foreign buyer
Access, minimum amounts, fees and availability depend on the lender's terms. Redraw is part of the loan and is different from money held in a separate offset account.
For step-by-step Perth and WA guides, visit Property Learning Hub.