Should You Fix Your Home Loan Right Now? (The Honest Answer)

Almost all of Australia's economic growth last quarter came from building data centres strip those out, and the economy was nearly flat. In this episode, Michael sits down to break down the fixed versus variable rate decision the right way: no predictions, no scare tactics, just a clear framework to think it through.General advice only and not personal advice. CRN 485467--------------------------------------In this episode:Where the cash rate sits at 4.3% and why next week's RBA decision mattersThe three numbers the Reserve Bank watches and why they're telling different storiesWhy inflation says hold, jobs say cut, and growth says be carefulThe single biggest mindset shift: fixing your rate is insurance, not a betWhy you'll almost never outguess the bank and why that's not the pointThe honest questions to ask before you fix any part of your loanWhat you give up when you fix: offset accounts, extra repayments, break costsHow a split loan can give you certainty and flexibility at the same timeWhy being unsure right now is a sensible response, not a failing--------------------------------------SubscribeYouTube:⁠⁠⁠https://www.youtube.com/@ThatBackyardPropertyPodcast⁠⁠⁠Instagram:⁠⁠⁠https://www.instagram.com/backyardpropertypod?igsh=MWhkOWx5YzJxdDc3ag==⁠⁠⁠Website: ⁠⁠⁠https://tuskfinance.com.au⁠⁠⁠Connect with Michael: Facebook: ⁠⁠https://www.facebook.com/tuskfinancemk⁠⁠Instagram:⁠⁠ https://www.instagram.com/mortgageswmichael ⁠⁠LinkedIn: ⁠⁠https://www.linkedin.com/in/michaelkilliner⁠⁠TikTok: ⁠⁠https://www.tiktok.com/@backyardpropertypodcast⁠⁠Tusk Finance: ⁠⁠[email protected]⁠⁠--------------------------------------Chapters:(00:00) Should I lock in my rate?(00:25) The cash rate and next week's decision(01:00) Setting the scene: three key numbers(01:18) Inflation: still above target(01:57) Unemployment: jobs going backwards(02:18) Growth: the data centre distortion(02:50) Why the experts can't agree(03:30) The big shift: fixing is insurance(04:45) Why the bank won't lose(05:20) How much is certainty worth to you?(05:40) Question 1: Could you handle a rate rise?(06:15) Question 2: How much do you value flexibility?(06:55) Question 3: Do you need all or nothing? Split loans(08:00) Pulling it all together(09:00) Final advice and getting helpProduced by ⁠⁠⁠⁠⁠⁠⁠⁠Podwave Studios⁠⁠⁠⁠⁠⁠⁠: ⁠⁠⁠https://www.podwavestudios.au⁠⁠⁠ #AustralianBudget2026 #Budget2026 #NegativeGearing #PropertyInvesting #AustralianProperty #BorrowingCapacity #InvestmentProperty #RealEstateAustralia #PropertyPodcast #MortgageBroker #DebtRecycling #Perth #ThatBackyardPropertyPodcast #MichaelKilliner