“One-quarter of fixed-rate loans outstanding in early 2022 have now expired; most have rolled on to a variable interest rate, rather than re-fixing at a higher rate. Another 40 per cent of fixed-rate loans outstanding in early 2022 will expire by the end of 2023 and a further 20 per cent by the end of 2024. This equates to 590,000 loan facilities in 2022, 880,000 in 2023 and 450,000 in 2024.[2]”

By my very rough back of napkin calculations (which I’m happy to stand corrected upon) that means 1.3 million dwellings will be coming off fixed rates in the next 2 years. Total dwelling in Aus are roughly 10,000,000.

Therefore, only 1.3m of 10m household are coming off fixed = only 13% in the next 2 years. So, about half a percent of all homes are coming of fixed rates and going variable per month for the next 2 years

I really don’t think all the hyperbolic predictions here about all these fixed rates falling off a cliff and a crash ensuing in the next 2 years are gonna come to pass.

I’m putting my money where my mouth is and looking to add another IP this year.