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I don't agree to that!!! :mad: ..... couldn't help myself. :p

Inflation is my friend, hope he pays a visit. :D

I doubt a people's bank will happen in any meaningful way to increase competition. Best way for another competitor to come in is having a few of the remaining regionals merge to form a bigger national beast eg. Bendigo&Adelaide with Suncorp's/BOQ etc. Whether in the long term we'll be better...

Hey Rick, was that a special offer at the time or just their standard 3yr rate? I ask because I fixed at the bottom of CBA's rate cycle for 3yrs and that was at 5.6% (incl. package disc.).

Spot on, the 5yr rate has seen it's cheapest level as well, but I wasn't prepared to pay that much extra for the 2yrs. I'm not necessarily trying to beat the rate spread over the term (although that will be a nice bonus if it turns out I've called it right), but couldn't see the 5yr term being a...

That's the route I took with most of my resi debt Bluegoose - fixed for 3yrs at the bottom of the cycle on 5.6% (was .66% above my variable rate at the time). Relatively little difference in interest amounts and I have my certainty in payments for the next 3yrs.

Hopefully I'm wrong, but I think we saw the bottom of fixed rates couple months back.

Not if I do it first, those buyers are mine!! *rushes out to call realestate agents*

Looks like it: http://www.interest.com.au/Borrowing/Mortgages/index.htm

Oops sorry for the confusion - I'm fixing for 3yrs, suits our situation better.

I'm fixing today before the rise. IMO from here on out, the upside is in the rent increases - no longer in the interest rate decreases, for our portfolio anyway. Pretty happy with the result - unlocked the 7.64% rates last year and relocking at 5.6%.

Makes sense to try and appeal to different market price segments without tarnishing your original brand name. Big corporates can either build it up themselves, or as they often like to do - if you can't beat em, buy em! Cosmetics co's are a good example of this - one big co. ends up owning 5-6...

Don't get me wrong, I wouldn't expect to be able to do it at nil cost every time - that's just the way it turned out this time. Next time it may cost me a minimum of $5k for example, but you can still do sums on how that will turn out vs staying etc. There are a lot of variables involved. I'm...

They've explained to me how they calculate it, and I still don't get it Pushka! It depends at any given point in time what they're funding costs are, their current fixed rates, the rate you're on, the term left on you're loan etc. As far as them taking 48hrs - good God! CBA takes 30 secs over...

If you have an idea of what the market is doing/going to be doing, you can unfix yourself on the way down. eg. the majority of my loans late last year were fixed at 7.64%. I waited until the right time and I believed rates would continue to drop, talked to my bank and unlocked all my fixed...

On a side note, remember even if you fix on the way up - if you keep an eye on things you may (I do stress the word may) be able to unfix on the way down at little to no cost. Doesn't help you this time, but it may help in the future if you fix again. :)

You say that like it's a bad thing Rog! Don't know about you but I enjoy all that stuff. :) Like your friends, I'll be taking holidays when I'm 40 as well, except I'll be in the position at that time not to have to return - period. Know which I'd rather. ;)

That indicates to me more the fact that perhaps you shouldn't have been fixing certain loans in the first place? If you fix and rates go down - yeah it sucks, but doesn't mean you're forced to extricate yourself and get burnt. I've got a couple properties that I doubt I'll be fixing for...

TF, I'm going to ask a follow up question as I hear this stated a lot when talks come to interest rates. Correct me if I'm wrong. Yes the bank is paying the depositor 5% for 3yrs on the cash (let's say $100k). But they don't just lend the cash straight back out 1:1 do they - for every $1 they...

Had one lot move out end of Dec. after only 6 months....... because they bought their own house. Immigrants (in fact refugees if my understanding is correct) as well, so a feel good story. From my perspective I get to increase my rent another 5% to market 6 months earlier than expected, after...