Looks like we all have “at least three years” before interest rates are likely to move up – according to Philip Lowe in his opening statement to the House of Representatives Standing Committee on Economics.
If you have the spare capacity, you should be paying down your home loan faster while rates are cheap, this opportunity won’t last forever. Don’t forget you can always access those extra repayments if you need (assuming you have redraw on your home loan).
If you would like to discuss your current requirements – give me a call – John Kraws on 0402 894 821.