The short answer to this is that it ultimately depends on your circumstances. If you need repayment certainty for the first few years of owning your home, a fixed loan is certainly worth considering.
However, if having features like a redraw facility, offset account or the ability to make extra repayments is really important to you, a fixed home loan may not be the best option. Similarly, if you’re planning on moving within the short-term or just aren’t sure what the immediate future holds, a fixed rate mortgage may not be suitable.
Before locking in a fixed rate, consider whether interest rates are likely to rise or fall in the near future.