The Reserve Bank of Australia announced today the Official Cash Rate will be reduced by 0.25% p.a. (25 bp).
This is the 2nd official reduction in Interest Rates in 2 months and will be a great Christmas gift for the many Australian households who continue to be challenged by the current economic climate.
Two questions that need to be answered …
Question 1: Will my Bank pass on the full Interest Rate cut ???
Answer: Listed below is the updated list of the Banks / Lenders who have announced Interest Rate reductions.
Question 2: How can I make the most of the reduced Interest Rate ???
Answer: If your budget will allow … resist the urge to reduce your Home Loan repayments. Maintaining your repayments at their current level reduce your Home Loan debt faster & enable you to own your home sooner.
or
If your family would benefit more from having more money available to cover your other household expenses … a simple request will enable you to reduce your Home Loan repayments.
To know more or to discuss your individual circumstances & requirements please:
Contact us today or phone David Pattemore (07) 5527 4744
Bank: Interest Rate Cut:
ANZ 0.25% p.a.
NAB 0.25% p.a.
CBA 0.25% p.a.
Westpac 0.25% p.a.
Macquarie 0.25% p.a.
ING 0.25% p.a.
St George 0.25% p.a.
Heritage 0.25% p.a.
Homeside 0.25% p.a.
Bank of Qld 0.25% p.a.
BankWest 0.25% p.a.
AMP 0.25% p.a.
AFG 0.25% p.a.
Liberty 0.25% p.a.
Suncorp 0.25% p.a.
Rams 0.25% p.a.
Bendigo Bank 0.25% p.a.
Adelaide Bank 0.25% p.a.
C.U.A. 0.25% p.a.
Please Note: This information will continue to be updated as the Banks & Lenders announce their Interest Rate reductions.
