Search results

That dude here. Construction is definitely picking up strongly in Sydney, housing market is rocketing too, with auction clearance rates in the high 70% range and prices rising. Latest rate cut just adds more fuel to the fire. I'm no perma-bull, just calling it as I see it. If you see things...

No movement in fixed rates for a while. Have they bottomed? ASX interest rate tracker suggests variable very close to bottom too... http://www.asx.com.au/sfe/targetratetracker.htm

That's what I figured. The RBA would need to cut twice more (assuming the banks only pass on 15-20 points each time) in order for average discounted SVRs to drop below 5.39%

Westpac have announced the same today... 3 years at 5.39% Picking the bottom is difficult, but we can't be far from it now. The absolute lowest 3-year rate during the GFC was 4.99%. I'm going to lock in another chunk now at 5.39%.