Last week two of the big 4 banks announced an increase in rates, independent of any RBA decision. Coupled with advertising such as the billboard above, media conversation around the mortgage landscape is constantly centred on rates and whether you have the lowest one. Whilst we certainly believe that rate is a factor to consider when choosing a mortgage product, the reality is that you would have to refinance weekly if not daily to stay on the best deal available.
At PPA we believe that having a clear property plan, a strong mortgage strategy and good money management skills are the most important factors to keep more dollars in your pocket.
To find out more, download our free e-book ‘How to succeed with property to create your ideal lifestyle’
All the best with your Property Planning.