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50 SHADES OF THE R.B.A - RECORD LOW RATES MAKE PROPERTY SO HOT... BUY UP BIG!!!

Nothing like a drop in interest rates to make us hot under the collar.

A new record low rate of 2.25% is a great surprise after rates have been left on hold at 2.5% since Aug. ‘13.

Stunning news for 1st home buyers & for the property market with banks already passing on the savings.

Here’s what it looks like – For a $300,000 mortgage, this will lower monthly loan repayments by approx. $52 a month! More money in your pocket.

Upon writing this 2 of the big 4 banks have already passed on the interest rate cuts being CBA & Westpac, with CBA passing on the full 25 basis points & Westpac giving customers a cherry on top, with a slightly bigger rate cut.

The official cash rate target had been steady for 17 months prior to Tuesday’s decision, the equal longest period of rate stability since an 18-month run in the mid-1990s. The average level of home loan rates will now fall to its lowest since 1968!!!

Lower mortgage rates have the potential to add some fuel to what are already strong housing markets.

Clearly property is set to be the biggest blockbuster of the year. If you haven’t gotten in on the action yet, we suggest you do ASAP.

Novak will see you now ……

 

 

 

The Goss!
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50 SHADES OF THE R.B.A - RECORD LOW RATES MAKE PROPERTY SO HOT... BUY UP BIG!!!