Top finance tips for property success in a low rate environment
Finance advice

Top finance tips for property success in a low rate environment

By Staff Reporter

Paul Myliotis, general manager, Oasis Property

In terms of planning for interest rate increases, there's a few things we have to put into place. The first thing is budgeting. So accelerating your repayments for non-deductible debt is a must. If you don't have any non-deductible debt and it is deductible, try to accelerate your payments into an offset account so that you can plan for that rainy day. It's very important. Things are really good at the moment, rates are low so you must plan for a rainy day. The second is interest rates are the lowest they have been, particularly fixed rates, in history. So planning to fix a portion of your loan should 100% be considered by everybody.

promoted stories
Email:

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
QUEANBEYAN EAST 48.78%
2.
BOOMERANG BEACH 46.38%
3.
HUSKISSON 46.32%
4.
ASHMONT 42.86%
5.
BALGOWLAH 40.63%
Top finance tips for property success in a low rate environment
SPI logo