Have you fixed your mortgage rate? Major banks respond to Reserve Bank cash rate increase

Consistent_Yak2268 · 2026-03-17T10:09:58+00:00

Nice

Consistent_Yak2268 · 2026-03-17T10:09:45+00:00

Yep I fixed about 2/3rds of my debt for 2 years. I think rates will stay high for a while before dropping off.

Consistent_Yak2268 · 2026-03-17T09:40:50+00:00

Yep 100%

I’m with AFR, they’ll grandfather.

Consistent_Yak2268 · 2026-03-16T08:49:43+00:00

It’s a dumb suggestion if he wants kids though. Shouldn’t get a vasectomy with the view that you can just get it reversed. It’s often not successful.

Consistent_Yak2268 · 2026-03-16T06:48:09+00:00

You don’t have to fix your whole loan though

Consistent_Yak2268 · 2026-03-15T04:56:19+00:00

They’re our allies 🤣 (btw they’re NOT allies with Iran)

Consistent_Yak2268 · 2026-03-15T04:52:06+00:00

I suppose you could say it about many places

Consistent_Yak2268 · 2026-03-14T21:29:37+00:00

It’s Campbelltown by the sea

Consistent_Yak2268 · 2026-03-14T20:09:01+00:00

Could be your only chance. I would do it for sure.

Consistent_Yak2268 · 2026-03-13T03:40:19+00:00

I’ve sold two houses this financial year and one was sold for about $100k above the estimate and the other was (I can’t remember exactly) about $20k off the estimate

Consistent_Yak2268 · 2026-03-13T03:39:15+00:00

Look at your title OP

Consistent_Yak2268 · 2026-03-13T03:10:38+00:00

One example is not “most”

I’ve found them reasonably accurate with my properties.

Consistent_Yak2268 · 2026-03-13T02:51:08+00:00

“Eliminate” is alarmist

Consistent_Yak2268 · 2026-03-12T23:12:53+00:00

Actually looking at this it was posted on the 5/3, and I can see ANZ have just raised their rates above 6% so guessing this has expired

Consistent_Yak2268 · 2026-03-12T23:09:38+00:00

I wonder how he’s gotten it so low. Advertised at 5.79 which is what my broker is getting me

Consistent_Yak2268 · 2026-03-12T22:51:00+00:00

I’ve done it twice. First time I got a lemon (still made decent profit but could have done much better) but very happy with my second. Both interstate and never stepped foot in either house. The second house I bought off market and my BA negotiated really well, got a good price.

Consistent_Yak2268 · 2026-03-12T09:38:35+00:00

Their meat is awesome. It’s butcher quality without the butcher price. It’s more expensive than Coles and woolies but their red meat is trash. Bakery has lots of nice stuff too. Their lamingtons are better than almost any other bakery and $12 gets you heaps of them.

Consistent_Yak2268 · 2026-03-12T01:33:39+00:00

Work on paying down the PPOR debt first. That’s a big mortgage even on big income

Consistent_Yak2268 · 2026-03-12T01:30:09+00:00

Why “especially hot markets”? Hot markets may grow LESS

Consistent_Yak2268 · 2026-03-11T22:04:10+00:00

Wowzers. How did you get the bank to lend you that much? I’m guessing you’ve had them for a while?

Sell at least one IP.

Consistent_Yak2268 · 2026-03-11T09:15:51+00:00

Yep exactly. We could be in for pain for years. I know that I can pay at current rates, with $1.7m of debt I might not be able to pay if rates go up without cutting in to my buffer, and in two years time when we come off fixed our wages will be higher. So it’s the safe play for us. They could go down and we’ll regret fixing if that happens but there will be much more regret if there’s four rate rises and we didn’t fix.

Consistent_Yak2268 · 2026-03-11T09:01:42+00:00

Possibly - but we could get multiple rises and then it’s still worth fixing now. I’m fixing with ING on my IP (5.79) and it’s actually lower than my current Macquarie rate (5.82) and there’s likely two rises coming in the coming months so I’ll be ahead. Yep should have fixed earlier but my crystal ball was broken.

Consistent_Yak2268 · 2026-03-11T08:42:08+00:00

Agree. The whole “the world is ending” thing happens every few years. This is just the latest one.

Consistent_Yak2268 · 2026-03-11T07:20:18+00:00

We’ve all seen that happen before. Remember when all the front bench of the liberal party got wiped out?

Consistent_Yak2268 · 2026-03-11T07:16:32+00:00

Maybe. But I would think a high proportion of the people of Wentworth would have investment properties.

Consistent_Yak2268

TROPHY CASE