Quote:
Originally Posted by Unregistered
Car sales person again.... Knows a little about property market but not enough....
What do I mean?
a) banks are now no longer offering fixed Rates, its floating rates now so when ir goes up, you will still get it..
b) for people getting a second property, ir is peanuts. The killer is ABSD. 5% or 10. That's a cool 50k to 100k on a 1 million property. Upfront and not cumulatively 20 years down the road....
Free education..
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Ha ha ha.
Free education for yourself.
Fixed rates are still available, but floating rates are lower and there is always the option of refinancing.
ABSD is 7% on a second residential property.
If you don't talk, nobody will know you're stupid.