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
We get a new bank saying they're increasing fixed rates.
At the moment, there's still a few banks where you can still get great two years and three year fixed rates, but it's a few, not most.
And you can get great variable rates in low 2%.
And so at the moment, it really depends on your situation, your buffers and how protected you need to be by, because sometimes there's a cost of potentially going fixed that if variable rates don't rise as much as society thinks,
And society has been wrong for over a decade, to be honest.
And so if variable rates stay low for the next three or four years, which is a chance, and you could have fixed at a higher rate and paid a higher cost.
And so sometimes you should never always fix all your loan as well.
You don't have to have 100% fixed or 100% variable.
You always split it.
So you may go 50% fixed, 50% variable or 70% fixed, 30% variable.
So a lot of people don't understand that as well.
I'm a big believer and I said this to a young client of mine who's, she's buying her first place yesterday and she's exhausted because a lot of buyers are, they've been trying and they've been frustrated and there's low stock, what Emily was talking about before, but it should be hard.
And you can miraculously, this perfect property could come on.
It's a quality asset and you could get the deal done.
But that's unlikely.
You're more likely to be missing out, trawling, saying no to 95% of the properties.
But the thing is, once it's done, it's done.
You know, so it's hard to buy, it's easy to sell.
Because when you get a quality asset, you know, you're getting letterbox drops after about a week from other agents saying, hang on a sec, do you want to sell?
Do you want to sell?
Showing 601–620 of 1,659 · page 31 of 83
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