RBA drops Cash Rate by 25 basis points to 3.25%. Most lenders are expected to pass on a rate cut of 0.2% to 0.25% to borrowers variable rate loans. For the full report, please refer to //www.rba.gov.au/media-releases/2012/mr-12-30.html
RBA keeps rates on hold for another month. There is a lot of talk about lenders increasing rates out of cycle, and fixed rates are very low right now, so now is a good time to lock in a cheap fixed rate. Call our office to find out how.