ANZ’s rate when combined with free home insurance for a year and a contribution towards legal and valuation fees makes this a popular rate choice.
Whilst spreading your borrowings is still a good thing to do for certainty, you can afford to be overweight with shorter term 1 year fixed or less right now. I am a big fan of offsetting loans like BNZ’s TotalMoney and the Kiwibank Offset Loan, and also revolving credit accounts. The key is to not look at the loan facility limit and think I can go out and spend wildly as I have money in there. Paying down debt is not a bad thing, particularly since you can redraw up to the limit to enable you options such as a buffer for repairs and maintenance costs, or to buy a great property producing cashflow that you can significantly add value to further increase your equity.
Rugby World Cup Semi-finals
Two big games this weekend with Wales vs France in semi-final 1 tomorrow 9pm at Eden Park, and semi-final 2 Sunday sees New Zealand play Australia 9pm at Eden Park. I am picking a consistent and well coached Wales to beat France, and the All Blacks to beat the Wallabies to continue the Wallabies 12 losses in a row record on Eden Park. A ground they play regularly on, but they haven’t won since 1986. In fact the All Blacks haven’t lost since 1994 at Eden Park – making it the ultimate New Zealand rugby fortress.
New Zealand are favourites to win the match and the overall statistics are part of that reason. The first official international between New Zealand and Australia was held in 1903. Since then there have been 166 Tests between the Wallabies and All Blacks, and Australia has won just 47 at a percentage of just 29.81. This is Australia’s worst sporting record against all countries. Long may it continue. Go the All Blacks on Sunday!