Powered by MOMENTUM MEDIA
realestatebusiness logo
Subscribe to our newsletter SIGN UP

Borrowers choose variable over fixed

03 November 2009 Reporter

Most homeowners are happy to stick with their variable rate, a new poll by News Ltd has found.

According to the online survey, 57 per cent of borrowers are happy to stay with their variable rate mortgage, while 19 per cent said they would wait and see what the Reserve Bank chooses to do at its November board meeting today.

Only 10 per cent of respondents said they would switch to a fixed rate, while 12 per cent of borrowers are currently locked in with a fixed rate product.

The Reserve Bank is expected to raise the official cash rate by a minimum of 25 basis points when it meets later today.

Borrowers choose variable over fixed
lawyersweekly logo
FROM THE WEB
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast

Where is the biggest threat to agents in 2019?

3rd party lead generation companies
DIY models discounting sales commission
Prop-tech firms cutting out the agent value proposition
A yet unidentified proper disruptor – like Uber or Airbnb
None of the above. There is no threat.
Do you have an industry update?
REAL ESTATE BUSINESS NEWSLETTER
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.