Day: May 1, 2012

Interest Rates are on the way down OR are they?

The RBA has advised they are dropping the official base rate by 0.50%. This means the offical cash rate will soon become 3.75% I really reckon the lenders in Aus need to pass 100% of this drop on to customers and we at Austral strongly encourage the lenders to do

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May 1, 2012

RBA Cuts Rates by 50 Basis Points

The Reserve Bank of Australia has cut interest rates by 50 basis points in an unexpected move that should provide welcome relief to many homeowners. The reduction takes the official cash rate to 3.75 percent. Damian Smith CEO of financial comparison site RateCity called the RBA’s decision “a very big

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May 1, 2012