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Time to fix?

Posted Monday, 06 June 2011 at 14:01 by Michael Chan
Tagged: Hint/Tip | Investors | interest rates
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 Fix Rate VS Variable Rate



We get asked all the time, is it good to fix? the answer is not as simple as a yes or no, it depends on 2 main factors -What you can control and the economy 

What you control

1. Your overall financial situation- Could you afford to meet repayment should the rate go up by another 1%
2. Financial objectives- What are your short or long term goals, are you planning on switching job in the near future ( lost of income for a period of time)?


1. High inflation = higher rate
2. Slow down in economy = Lower rate
3. Government policies
Attached is a graph for the last 3 years;
The RBA is set to announce the new rate tomorrow 7th of JUne 2011- our feeling is the rate will remind on hold or decrease; we will be surprised should the rate increase.
Fix rate VS Variable Rate

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