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buc

8,614 Posts.

11

03/03/15

13:56

Post #: 14851776
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Originally posted by booz ↑

Not that long ago, many investors were rejoicing because they locked in a 5 year fixed rate of 4.99%. But now the big banks are offering a 5 year fixed rate of 4.59%.

Blind Freddy can see that variable rates are heading much lower and will stay at record lows (possibly 3.5%-3.8%) for a long time.

So resist the urge to lock in a fixed rate...and don't forget to increase your rents if you can.

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How do you increase rent in an over supplied market?

http://www.abc.net.au/news/2014-08-...t-market-glut-predicted-to-push-price/5690806
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