Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
No, it's not a typo.
Product is for purchases only - not for refinances as far as I can see. LVR up to 95%. 0.20% rate lock fee. IO or P&I repayments.
A pretty good deal I would say!
Spot on Stuart. I'm just waiting for the 7-10 year fixed rates to be around 6%. They're currently closer to 8%. In the meantime I'll stay variable and ride the easing cycle down, but its the long term fixed rates I'm watching closely, not the two and three year rates. Why would you lock for two years when that's during the easing and expansionary setting cycle? Far better to stay variable whilst its expansionary and aim to lock long term to ride the next tightening cycle out.The average pro pack variable rate since 1990 is 6.70%. Therefore, by comparison, 5.49% looks pretty good to me. You could be worse off but probably not by a great margin.
If the 5 year rate drops below 6.50% to 6.70%, I think investors should jump on board
One thing I've noted is that "a good time to fix is when variable FINALLY drops below FIXED". What are your thoughts on that as a "leading indicator"?I won't be fixing until they either start to go up or they look v. likely to. There are leading indicators.
It's funny, when rates are on the way up, people panic and lock in their rate at 9%. When they are faced with historically low rates, they want to wait an pick the bottom.
Its a tricky business out guessing the money markets.
Is it as simple as watching 5 year fixed rates and jumping on the first uptick? Problem is that the first uptick could be 100 basis points...
Keith,Last time (2003) the first few upticks were 0.1% or so, although they were v. close together - sometimes consecutive weeks.... make it a habit to check fixed rates every Monday morning.
Also watch 3 yr bond rates.