Thanks Jon thats great information – do you have offices in sydney? I would like to sit down and go through a few scenarios. Our situation is that we have been looking for a few months and have found a few properties which we would like to place offers.

I dont need a lot of the bells and whistles nor the flexibility. I think im going to go with the fixed rate – what the best rates right now ?

thanks Richard, I am looking to stay with the one lender but someone who is generally cheaper. Perhaps im a little naive but a friend said that they are with NAB and find that they have been cheaper than the majors?