Yeah we are going with bankwest already and have been quoted those rates. Have emailed Sam to see if he can give me any advice.

Most often than not, it ends up being as broad as it is long. An older house is almost always going to need work done to it. Older house usually = bigger property, possibly more upkeep and higher rates. More petrol and parking depending how far away from work you end up living, etc etc.

*looks at pathetic house deposit account*

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[I]trolololol[/I]

All a big gamble at the end of the day guys. No-one knows what is happening with the rates. The way the banks are acting (by dropping their fixed rates quite consistently over the last few weeks) it's seems that the general trend is still going downwards. If you are going to fix, I would only do half at the most, and only for a short period. Ie: one year. That way you know you are ahead for now, and you effectively need two quarter percent rate drops to behind the variable rate, which may or may not happen within a year. You just dont know....

Again it is all completely up to the person making the decision. Lots of people are fixing. A hell of a lot more people are going variable.

Ps: I know this response won't help even in the slightest. It just is really is up to the individuals thoughts. Just like at the Casino, "Red or Black??"

Sam

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Totally off topic, but you're not related to Dom Zurzolo are you Sam??

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Thanks for the advice Sam sent you an email no need to respond as you've answered
my question.

Cheers mate

2 lots of Zurzolo's in Perth. I don't know a Dom, no

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Reminds me of a close family friend.

Bought an older house in a nicer area thinking it would be cheap and get them started.

They knew it had a bit of asbestos and thought it would just be a quick patch job if they wante to take it out, or it was all sealed and O.K. to live in as is. They decided to get the asbestos removed...

So the man came and removed the asbestos... along with pretty much everything in the house. Every single wall was removed, the ceiling torn apart, the floor badly damaged.

The neighbours then figured the house was being demolished and helped themselves to the sinks, taps, fittings, parts of the floor, laundry tub etc. Left them with a frame. Nothing more.

To say this buttfucked them without lube, is an understatement.


/back on topic....

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Twin scroll Pig Bi-Squeeling

lol @ 'buttfuck egypt'

variable, greater flexibility.

Fixed = no redraw facility, reduced offset and generally big costs if you need to "break" the contract / sell the property.

Fixed can be good if you have a fixed income that does not change and you cannot afford an increase in your costs.
You need a plan that wont change for the fixed period, but who can guarantee your plan wont change?

Just pay cash.

With the wages people profess to be making on forums, should only take a couple of years to save up for a $1m property with no loan.

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