I guess if I had an investment property with not much equity in these times, I would be considering the bigger picture - ie. will the Euro and US problems trump the Aus 2-speed economy, therefore IRs come down or will the opposite happen. Too hard for anyone to call atm. Above all I would be listening to the general vibe from the banks and other economists (and even the media!) - which are increasingly bearish for property price growth. So I personally would be being very conservative - prob fixing a substaintial amount if I was comfortable with the repayments and confident with job security, while building as much of a buffer as I could with my variable repayments, as insurance against a prop plunge.
NB - I don't have a license so this is obviously not meant as financial advice!
