Just out that Westpac have dropped their 2 year Fixed Rates to 4.99% under the Professional Package. They have said its 'for a limited time'.
Westpac 4.99% Fixed Rate is Back
- Thread starter Shahin_Afarin
- Start date
almost back
the kicker one just post GFC was the 3 year .........
we might get there yet
t
arolf
Shizzers didnt get that news yet. That's a surprise
Have you got a link I can't find it on their homepage? Is CBA still beating any Fixed Rate from Big 4? So could get 4.98%? Do you feel the 3yr will come close to this if we wait a bit..
At this stage it looks like it has just been distributed via the broker channel. The rate is effective from the 7th Feb.
Is it the right time to fix? Speak to your broker and banker - get them to go through your borrowings, discuss risk and see if its the right time to fix and if it is then you also have the option of fixing a portion of the loan or the entire thing.
Regards
Shahin
Is it the right time to fix? Speak to your broker and banker - get them to go through your borrowings, discuss risk and see if its the right time to fix and if it is then you also have the option of fixing a portion of the loan or the entire thing.
Regards
Shahin
I had one client call STG (discharges) and ask them to match it for 2 years and they did. He has decent sized portfolio with them so not sure if that makes a difference. What's the harm? Just call them and speak to their discharges.
Regards
Shahin
Regards
Shahin
It already is, isn't it? Well at least under investment loans it says 5.19% for 2 years effective 17th December.
http://www.westpac.com.au/personal-banking/home-loans/tools-calculators-rates/fixed-home-loan-rates/
Rolf I loved that 3 year 4.99%pa fixed from a few years ago - pity it was only available for a few weeks. I managed to call everyone of my Westpac clients and discuss the opportunity (or not) with them.
The thing is it may be OK for some but for others it could be an issue. BIS Shrapnel in their 2012-2015 QBE Property Outlook were indicating that with expected rate reductions that anything less than 3 years could be cost neutral.
If you are interested you can see their report here.
http://www.qbelmi.com/pg-Publications-and-Presentations.seo
Jane Slack-Smith
The thing is it may be OK for some but for others it could be an issue. BIS Shrapnel in their 2012-2015 QBE Property Outlook were indicating that with expected rate reductions that anything less than 3 years could be cost neutral.
If you are interested you can see their report here.
http://www.qbelmi.com/pg-Publications-and-Presentations.seo
Jane Slack-Smith
Good if you bank with them or are taking out a new loan. The 0.01% discount is useless if considering refinancing ;-)
I would advise anyone in that situation pay a rate lock-fee because BoM/STG take at least 90 days for a refi settlement
I would advise anyone in that situation pay a rate lock-fee because BoM/STG take at least 90 days for a refi settlement
u are being generous
near 270 days for my last one ............
BTWI think rate lock does have an expiry date too
ok, it involved 3 props but the comedy or errors is still not over with Offset accounts self delinking 3 weeks after settlement
ta
rolf
ta
rolf
I'm a bit confused by the above, QBE seem to predicting one more cut then to start rising again at the end of 2013. Wouldn't that make 4.99 lower than the variable the whole 2 years?
CBA has just jumped on the 4.99% bandwagon - hooray!
Friday they say to a client they can't price match and then Monday wooshka 4.99%.
Regards
Shahin
Friday they say to a client they can't price match and then Monday wooshka 4.99%.
Regards
Shahin
