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Good replies JLT and lizzie. I suppose my debt recovery work in 1990 preparing statements of claim with bank interest rates at 18% and default interest rates at 27% per annum is deeply ingrained in my psyche. Its a bit like convincing someone who lived through the depression that the world...

The real question is if you fix for 3 years at sub 6% what are the rates going to be like when you come off your fixed rate in 3 yers time.. Given the amount of quantitative easing that has happened there may be decent inflation at this time and interest rates could be significantly higher...

At 5.99% fixed for 2 years there would be quite a few established investors who would be close to cashflow neutral or better (even on capital city properties). Rising rents and falling interest rates...nice combination.

MikeR wrote:- "Do people think we may have hit the bottom of the current fixed rate cycle (barring the Euro situation taking a dramatic turn for the worse) ?" I do. Recently fixed for 5 years with CBA at 6.74% (6.89% less .15% discount for wealth package). I have already noticed...