Hi
Has anyone beaten the bank? I have been investing in property for some 8 years. I have fixed my rates for some properties for 5 years. I did it so, so I could sleep at night. As that is my largest expense in holding these properties, I wanted to know what the worst case scenario was.
To date, I have ALWAYS paid more than the discounted variable rate. (Variable rate less .05 discount).
Has anyone done better than the bank by fixing their rate?
6.19% for 5 years 3 properties.
Dom[
]I just recently re-financed to buy another property.. the initial rate was set at 6.2% however the rate rise went up before I found my property and it went up to 6.4%.. it’s fixed for 3yrs.. just for piece of mind really.
How and when did you get that rate? Well Done
I think caution needs to be exercised when blindly stating an interest rate as a %.
There are current rates advertised at 5.9% but their comparative rate is over 0.5% higher.
A figure is a figure to me… it is what underpins that figure which then reveals the True cost. I am not trying to be negative here… honest.
And good luck to those of you who have made the best of the current upward trend.
******
…emotion clouds good judgement but is a defining element of character.I fixed all my rate, but currently the bank beating me…
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]hi guys
i have some from 2002 at 5yrs 6.69% and some from 2003 3 yrs 6.19%
but haven’t bought any in oz for a long time so not looking at rates whats the best you can get now on 3 and 5 yrs?
regards westan
I find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to [email protected]
I bought last October. 5.89% for three years.
Cheers,
Simon Macks
Mortgage Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
My rate are vary for the last 3.5 years.
7.55% 5yrs
7.25% 5yrs
6.19% 5yrs
5.94% 3yrs
5.94% 3yrs
6.59% 3yrsWarm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]Does a lack of replies mean the bank has always won on a 5 year fixed rate?
Not at all. I know many people who fixed late last year for 5 years at 6.29%.
Cheers,
Simon Macks
Mortgage Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I fixed 5 yrs at 5.99 with Bank of Melb in May last year
We fixed for 5 years at 5.89% with St George in July last year.
Cheers,
Karen[]*WoW* Thought i was doing well with my 6.4% for 5 yrs
congratulations to those who got ‘better’ deals, have found that with more properties etc the banks are prepared to’do’a bit more for you ( discounting of things, waiving fees etc )
Better in your pocket than there’s [^]
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REDWING“Money is a currency, like electricity and it requires momentum to make it Effective”
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