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the end of the world as we know it is coming in 2012, so I say rates will fall :eek:

Mine isn't 4x4, I have it for 12 months now, does the current model have 4x4? its a great car, handles very well and moves..

this is why I drive a Skoda RS :P Performance of a top end Audi at a fraction of the cost!

how is that? Audi VW and Skoda are all owned by VW.

I dont think they will bolt, but certainly when you see variable rates move up, and fixed rates turning the tide, this will be the time to fix, certainly you may not catch the bottom, but you will be close.

why? since rates are not going up in the short term, why would you fix? If anything they are talking a further 100pts drop before the bottom is reached.. Better to ride this one out, and fix on the first step up increase.

I wonder what these low interest rates will do to property prices

looks like all those who jumped on the 3 year westpac deal 4.99% got dudded.

yes, you will now see longer term fixed rates fall closer to the 4.99 level, and in the mean time you will enjoy a low variable rate.

looks like all those who took westpac 3 year 4.99% fixed special are not been shafted.... you will miss the opportunity to fix when the rates turn around and will have your loan exiting into the up cycle. Plus further rate cuts will be missed out on now... market expecting a further 1%...

exactly.. we dont expect to bottom pick, but we could have low rates for years.. so getting in to early would mean missing out on future cuts and lower variable rate.. but getting in just after the first rate rise would indicate things are picking up and tide is turning. from what I have...

your about 1 month to late

has anyone had defaulting tenants? ie job loss hardship etc of late?

no point in fixing now.. rates certainly are not looking like going up anytime soon.. if anything wait for the first rate increase, and then fix.

Something slightly off topic, when interest rates start to go up, would this also be a indicator to enter the stock market?

yes Jit, you are correct. In my case had I fixed, I would have been better off by been able to continue to hold all the IP's, however fixing the rates would not be for the purpose of trying to save money. Its a risk management stratergy. So sure if you have several IP's, fixing interest rates...

so you were one of the 20% where it paid off.. how much did you actually pay at the time compared to the variable rate? I suspect it was at 5%? So how many years did you pay MORE before it broke even? I think you will find if you average it out, your probably were not to much better off.

http://www.commbank.com.au/personal/apply-online/download-printed-forms/home-loan-update-002842.pdf yer just announced.. but why fix so high when everyone knows rates are dropping another percent? and your already fixing 1 percent more on todays rate. I'm paying 6.04% variable with CBA...

just goes to show that fixing really never pays off for the client. even if the variable rate drops, the fixed rates, especially the longer term ones, don't really come down enough to make it worth while.

http://www.arabbank.com.au/a-personal-loan/86 6.49% for 5 years... better than the big 4. their savings rate is still over 7%!