From: Alan Hill
The following article in Saturday's SMH may be of interest:
http://www.smh.com.au/news/0202/09/biztech/biztech16.html
Certainly in the 1990's (which admittedly was generally a decade of falling interest rates)it would appear you would have been generally better off on a Variable rather than Fixed rate.....at least in dollars paid in interest.
Going variable versus fixed I guess really depends on a number of other factors though too......not the least of which may be you sleeping better on a fixed rate and also the need to have access to cash when Variables do rise. As usual, horses for courses.
Would have been interested to see the percentages if the 1980's had also been included. This would have also included some periods of significant Interest Rate rises.....
Still, an interesting article.......
The following article in Saturday's SMH may be of interest:
http://www.smh.com.au/news/0202/09/biztech/biztech16.html
Certainly in the 1990's (which admittedly was generally a decade of falling interest rates)it would appear you would have been generally better off on a Variable rather than Fixed rate.....at least in dollars paid in interest.
Going variable versus fixed I guess really depends on a number of other factors though too......not the least of which may be you sleeping better on a fixed rate and also the need to have access to cash when Variables do rise. As usual, horses for courses.
Would have been interested to see the percentages if the 1980's had also been included. This would have also included some periods of significant Interest Rate rises.....
Still, an interesting article.......
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