This chart shows loans recently funded in Australia.
📊 It's from the ABS (Australian Bureau of Statistics) - one of my favourite late night reading websites!!
Latest month reported in 2024 was $590M of Fixed Rate loans VS over $50B of Variable Rate loans in that month.
❓ That's around 85 x variable loans for each 1 x fixed loan!
FACTS:
➡️ Every borrower has a different situation, we help this strategy
➡️ Fixed Rates have been reducing, on the whole, recently, some below Variable Rates
➡️ Fixed Rates can still come with 100% Offset Accounts
➡️ Fixed Rates can be Principal and Interest, or Interest Only (for investment)
Truly Finance's mortgage broker advice, financial services and property strategies are generally complimentary. We do this for the best interests of our clients and we strive to be the best mortgage brokers!
James Brett. Principal. Awarded Mortgage Broker ☎️ 0439 591 759
Victor Simone. Principal. Legend Mortgage Broker ☎️ 0449 659 029
Andrew O'Brien. Superstar Mortgage & Finance Broker ☎️ 0451 308 292
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Credit Representative Numbers 521733, 550284 & 550765 are authorised under Australian Credit Licence 389328
