Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Borrowers choose variable over fixed

By Staff Reporter
03 November 2009 | 1 minute read

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

Advertisement
Advertisement

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
default
lawyersweekly logo

Tags:

Listen to other installment of the Real Estate Business Podcast

 

Do you have an industry update?

top suburbs

12 month growth
Queenton
69.76%
Flying Fish Point
69.61%
Point Piper
69.17%
Glenelg South
69.02%
Pretty Beach
69.01%
Bar Beach
68.9%
Northampton
68.7%
Kembla Grange
66.91%
Boomerang Beach
66.67%
Gnarabup
66.67%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to 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.