Here's something of interest
You can buy a house in Port Headland which is a mining town for around $650,000.
Interest rate of loan 6%.
Yet if you get a margin loan against, say FMG
You can only borrow only 65%
Interest rate of 9.9%
I view the house a much higher risk than FMG
I think the figures should be the other way around.
- Forums
- Property
- interest rates going lower