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\\u201cThere\\u2019s no set rule between owner-occupier and investor. I believe it all comes down to your profile.\\u201d

David gets together again with Mark Davis from The Australian Lending & Investment Centre (ALIC) to chat around the question\\u2026\\xa0

Should you fix your interest rate?

David and Mark first talk about the process behind how the RBA and banks set interest rates. This includes all the things taken into consideration and also its application to term deposits.

They then talk more specifically about the pros and cons of going with a fixed or variable interest rate. The truth is there is no hard and fast rule, and that either, or a combination, may best for your situation.\\xa0

Mark also tells David that there should be no real difference between owner-occupiers and investors in terms of interest rates. That being said, variable rates are certainly more risky, and this sometimes makes them more attractive to investors who possess a larger cash buffer.

David asks Mark about any tax benefits, which exist for investors on fixed rates.

Mark advises that all property buyers should talk through all of the pros and cons of each with the advisors and decide on the one that is best for their circumstances and piece of mind.

The discussion concludes with Mark sharing his own personal strategy in regards to interest rates.\\xa0

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About your host, David McMillan

During his 16 years in the property industry David has worked as a property valuer and property adviser to private clients, financial planners, accountants, finance brokers, major banks and governments. He has been involved in more than $500M worth of transactions across Victoria, New South Wales, South Australia & Queensland.

Since 2009, David has been specifically focused on helping medical professionals, expats, business owners and busy executives build effective property portfolios.

David is a fully licensed real estate agent in Victoria, South Australia and Queensland (CEA), Certified Practicing property Valuer (CPV), Qualified Property Investment Advisor (QPIA) and most importantly is an active property investor. David joined the Australian Property Institute in 2001 and is now an Associate (AAPI) and in 2009 became a member of the Real Estate Institute. David currently sits on the board of Property Investment Professionals of Australia (PIPA) to promote ethics in the property investment industry.

About David\\u2019s guest, Mark Davis

Mark\\u2018s successful career at ANZ resulted in him becoming the number one national mortgage lender for seven years in a row. Mark\\u2019s expertise is in lending structures and strategies for wealth creation and the formula utilized within ALIC. Through developing close working relationships with clients, Mark is able to guide and advise the most suitable loan options available as he is constantly aware of market forces surrounding the industry.

Since the inception of The Australian Lending & Investment Centre in 2009, Mark has been at the forefront of industry, being recognised with many Broker of the Year awards.

As the industries leading adviser Mark is frequently called upon to provide up to date and informed opinions for the Australian mainstream media, as well as industry events and articles.

With over 30 years of experience Mark\\u2019s knowledge and network of key professionals is second to none.

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\\u2018Property Insiders\\u2019 is one of three segments you will hear on the Performance Property Data podcast. Released fortnightly, they are conversations between David McMillan (Director Acquisitions - Performance Property Advisory) and industry leaders offering knowledge and expertise.\\xa0

\\u2018The Property Pineapple\\u2019 is released monthly and is hosted by Sharon Taylor (Research Analyst - Performance Property Advisory). The show presents listeners with stories from real investors, discussing their wins, and admitting their losses.

And \\u2018Performance Insights\\u2019 are released every Wednesday and Friday, giving you technical information and the lowdown on key property markets around Australia.\\xa0These episodes are also available as short videos at our youtube channel.

For more information about how Performance Property Data can help you maximise your investment dollar, head to www.performancedata.com.au

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