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No-one else has said it yet so I will... Wooohoooo!!! :D

Yes but every risk has a price. For some, variable rate risk is something they can't afford to take as it could send them broke in short order. No choice but to lock it in. For others, fixing interest rates introduces too much inflexibility in their lending so they prefer to keep it...

I agree. Development work in the mining industry in next to kaput. Very few new projects coming along after the ones already in train. Without mining investment propping things up (including the Budget) as the existing projects move through we are going to have to do what everyone else is...

I don't remember 5yr rates getting down as far as 5.69% during the GFC - anyone? That's not a bad deal either...