variable

Hi All, After having our original PPOR and now IP with Bendigo Bank at quite a competitive rate for the last 7 years or so, we're now shopping for a new PPOR loan after purchasing some weeks ago in Melbourne. The new loan for PPOR only will be in the order of 600K. We've been happy with...

I am a first home buyer. How do I determine whether I should go for a fixed or variable rate? What are the things to remember? Also, is it a common practice to negotiate a rate (either fixed or variable) with the bank? If yes, can I still negotiate a rate after I have been pre-approved?