Originally posted by ivanp
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www.PropertyMinder.co.nz
# Property Management
# Ad Hoc Tenancy Services / Rental Inspections / Terminations and Notices
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Wow 1 year 4.7%. Rates have dropped so fast in the past 3 months. I fixed 2 years at 5.09% in April and that was a *great* deal at the time.www.PropertyMinder.co.nz
# Property Management
# Ad Hoc Tenancy Services / Rental Inspections / Terminations and Notices
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Originally posted by BigDreamer View PostWow 1 year 4.7%. Rates have dropped so fast in the past 3 months. I fixed 2 years at 5.09% in April and that was a *great* deal at the time.
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I was stupid enough to fix a ~$500k loan (combination of loans) with ANZ for 6.5% last August. I had to break it and it costed me just over $12k. I shed a tear as I paid it but I know it was for the good.www.PropertyMinder.co.nz
# Property Management
# Ad Hoc Tenancy Services / Rental Inspections / Terminations and Notices
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The total break fee when I restructured and moved out of ANZ was a total for ~$17k. Majority of it was made up of the $12k break fees related to the 6.5% fixed loans with $2k which I had to return as I stayed less than 2 years and the remaining was for other smaller loans.www.PropertyMinder.co.nz
# Property Management
# Ad Hoc Tenancy Services / Rental Inspections / Terminations and Notices
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Originally posted by Gary Lin View PostBreak that now or the breakcost will just sky rocket as rates keep dropping lol!
(Or fix max 6 months which is the new 'floating' im my opinion.)
Decide what you want - security or the daily rate?
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The Reserve Bank of New Zealand may take interest rates to a new record low as dairy prices, the currency and the labour market weigh on economic growth.
Westpac Bank's chief economist Dominick Stephens is now forecasting the cash rate to be 2 per cent by December, with four 25 basis point cuts from next week.
http://www.nzherald.co.nz/business/n...ectid=11482149have you defeated them?
your demons
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Originally posted by BigDreamer View PostI was stupid enough to fix a ~$500k loan (combination of loans) with ANZ for 6.5% last August.
In hindsight, it wasn't the best thing to have done, but I wouldn't call it stupid!
Looking back on history is easy, correctly picking the future 12 months ahead is extremely hard.
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