I have over 20 properties and im very proficient in the finance game.
I'll start here...
I know for a fact that CBA and NAB lowered their fixed rates last month by .10 % to 8.25% and 7.95%
Now if u think the banks have got it wrong good luck to u.
If u buy now a variable rate is the way to go...approx 7.5% if u have any brains.....the banks are telling you that in 12-18 months rates will come down......don't be so silly as to think that banks have it wrong....believe me....they are always right....
Go variable and don't sell......simple.
Property works in cycles like anything ele.
I am about to buy up big as others are feeling the pinch....happens every time.
