Fixed rates in the Wholesale Swap Market have already gone much higher than the Market benchmark variable BBSW rates.

This is more a factor of speculation the US will wind back it's stimulus, rather than what's happening in our own economy.

Banks are keeping their Retail Fixed Rates cheap as a method of keeping clients sticky.

From a property investors point of view, the decision to fix or stay variable should be based on how long you intend to hold the asset.

Given there shouldn't be a break cost if fixed rates go higher after you fix, there really isn't any risk of fixing for as long a term as possible.

That is, as long as you believe the RBA O/N cash rate will return to normal in the next year or two. Now where's that crystal ball?

Cheers

Andy