Q&A: Interest rates

Hi Olly,
Love your question service !!!

My investment property mortgage is due for renewal – and I’m leaning towards leaving it on floating rate – do you think the floating rates will increase next month after the ocr review?

The property is in Onehunga – appreciate your views on this suburb in regards to capital gains?
Thanks again,
Choc

Dear Choc
I would leave the mortgage floating for the moment as fixed rates are so much higher. I think interest rates will climb very slowly if at all.
Onehunga is a very popular suburb because of its age and village atmosphere. It is high on the list for long term gains as compared to the chilly-bin boxes
in some of the outer suburbs.
Cheers
Olly

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