Originally Posted by JIT
Hi Nathan,
Well done!!!
Just curious, how you have managed interest rates in your portfolio to date, ie. how much of your borrowings are fixed vs. variable, what is the lowest discounted variable rate you have, what is the highest rate you are paying, how many banks do you use and which has the majority of your loans... ?
I find that this aspect of a residential property portfolio is often missed in discussions like this where the focus is on the gross or net asset position...
Thanks.
I only borrow to around $1mill pr lender.
I use WBC, STG, BOQ, CBA
Highest rate 8.65% (one silly mistake of a loan) and lowest 5% (or there abouts)
I use to fix, but dont now days. I personally see rates falling in next 12 months. - I bet I will get challenged on this by someone too.
85% of lending now would be variable, if I had to pull a quick figure out of the air.
Hope this helps JIT
Hi Nathan,
Well done!!!
Just curious, how you have managed interest rates in your portfolio to date, ie. how much of your borrowings are fixed vs. variable, what is the lowest discounted variable rate you have, what is the highest rate you are paying, how many banks do you use and which has the majority of your loans... ?
I find that this aspect of a residential property portfolio is often missed in discussions like this where the focus is on the gross or net asset position...
Thanks.
I only borrow to around $1mill pr lender.
I use WBC, STG, BOQ, CBA
Highest rate 8.65% (one silly mistake of a loan) and lowest 5% (or there abouts)
I use to fix, but dont now days. I personally see rates falling in next 12 months. - I bet I will get challenged on this by someone too.
85% of lending now would be variable, if I had to pull a quick figure out of the air.
Hope this helps JIT