Does that mean my snowboarding trip next year to Japan will be cheaper?

Cocaine, true story

Would I be naive in suggesting below as a very basic calculation forgetting about negative gearing, depreciation, tax etc
Term Deposit
$200k x 5.25% = $10 500.00 / year 
 
Putting the $200k towards property as a 12% deposit on $1.65mil portfolio
$1.65mil x (estimate 5% property increase) = $82 500.00 / year

I've been called the past few weeks by my bank manager at Rams saying there is a pretty good deal on at the moment with switching part or all of my loan to a fixed rate. My current P&I variable is 7.13% and the 12 month fixed is 6.3%. Will cost me $ 295.00 to switch and save me $186.75 a monthI know nobody is a fortune teller and rates will…[Read more]