What do Interest Rate Cuts Mean for Australian Families?

shared by kurtappleberry on Oct 10, 2012 in Business

What do Interest Rate Cuts Mean for Australian Families?

shared by kurtappleberry on Oct 10, 2012 in Business

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Since October 2011, the Reserve Bank of Australia has slashed interest rates by 150 basis points. Based on your average $300,000, 30 year home loan at 6.10%, this has seen families save around $300 pe...
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