Timely advice in low rates - what should you do?

BUDGET FOR RATE RISES

Mortgage broker Rebecca Jarrett-Dalton says investors should pay down debt while interest rates are low to build resilience against a future rate shock.

“Savvy investors should be considering the impact of future potential rate rises —knowing rates are at historic lows" she says.

DON’T JUMP THE GUN There’s almost a sense of panic buying right now in some real

estate markets, but Ms Jarrett-Dalton says looking forward there is a sense that it is time to “watch and see” how unemployment and the vaccine rollout pans out.

“Watch changes in employment, where are employees being recalled to the office, and where are they able to continue working remotely,” she says. “Are there opportunities that have arisen from new industries during the pandemic that will continue?”