Blog

In our last RBA update we mentioned that the current RBA cash rate of 3.00% p.a. was equal to the “emergency” level reached during the height of the GFC. Many have mistakenly viewed this as a reason to be worried about our economy. However, the reason for this rate cut is quite different to the…

As widely expected the RBA has cut their cash rate by 0.25% to 3.00%. The RBA cash rate is now at the level it got to during the Global Financial Crisis. Should this full 0.25% cut be passed on, it would save someone with a $300,000 variable rate mortgage around $60 per month. The best…