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Nice....I just did the same at WBC.

Did you go the 3 or 5 years?

Very nice.....are you taking it up?

Yeah Bman...WBC is 5.69 after pro pack discount.

It works for me :)

That was an extremely good rate for 5 years. :eek: How long ago did you secure it and from which lender?

Read this thread, the answer to your question is in it. What are you looking for?

Well if you're not organised how can you expect others to do business with you.

Maybe thats where you could be going wrong - dont threaten them...Im sure you wouldnt like to be threatened. What you need to do is bring to their attention that you are aware that.....insert few bank names with their current rates...You also tell them that you know of a number of other investor...

I phoned the mortgage centre in Adelaide and asked to speak to a member of the Mortgage Retention Team.

Maybe you should be speaking with their Mortgage Retention Team instead of a loan manager.

I've been told in the past, because the VR was higher than the FR at the time, there would be no penalty fees.

I phoned Westpac during the week & have now fixed half a dozen IP loans for 3 years at 5.59% also. Further to this they have also increased our variable rates discount to a full 1%. I couldn't look a gift horse in the eye for too much longer. IMHO the time to act if you havent already done so...

I reckon its a good time now....Im currently waiting on a phone call from WBC's mortgage retention team.

He did say fingers crossed, which usually means hoping with no factual backing behind it

Did you look at what the rates are on Westpac's website? That will tell you straight from the horse mouth.

I agree. I fix approx half my portfolio holdings (spread across a few lenders) for SANF. By doing so, rates have to increase twice as much to have the same increase in expenses as if I didnt fix at all. If rates go up after I fix then I am a head from a cash flow perspective. If rates go...

Sure you dont mean 5.89%? Thats whats advertised on their website after premier advantage discount.

Rodger that! (pardon the pun). I jumped on that rate for the 3 year ride. :)

I agree. I fix rates for SANF of certainty knowing my portfolio's insulated from economic fluctuation. Any cash flow advantage from a rate rise post fixing becomes a bonus. If rates drop post fixing that becomes my premium paid for SANF.