Chris Bates
speaker
1,659 appearances
5 recordings
1 series
first heard Jun 2021
last heard Dec 2022
Chris Bates’s voice in public audio — every appearance, attributed to the second.
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Appearances
But, you know, I mean, keep it, you know, quite simple in that first six to 12 months after you purchase your place.
Get that buffer up, you know, and then relax.
If you buy a building and a roof needs repair, things like that can really stress you out if you haven't got that buffer.
even in apartment blocks, you know, you can get strata levies increase and all sorts of things.
So buffers are so important.
I spend a lot of my time trying to educate people on how to build them and don't be afraid to use them.
That's what they're for is to protect you in downturns.
A lot of people think, oh, I can't do that.
I'm just going to be stressing about it.
Well, no, that gets you through that moment.
That's what it was for.
So build buffers.
So it's a bit of a pendulum that sometimes it's just stay variable.
The fixed rates are so unattractive.
Let's just go variable.
And a lot of the time, that's where the starting point is.
Over longer term, it's proven that variable rates will beat fixed rates.
Over the last three years, probably, fixed rates have just been so attractive compared to the variable rate because they've been under the variable rate and sub 2%.
At the moment, fixed rates have jumped so much.
and they're continuing to jump every day almost.
Showing 581–600 of 1,659 · page 30 of 83
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