The Reserve Bank of Australia Board have met yesterday and made the decision to lower the cash rate by 25 basis points to 2.0 per cent, effective 6 May 2015.
Please see below link:
This is good news for home buyers, but I am sure that it also raises a lot of questions for mortgage holders moving forward.
There are broader implications besides the fact that it lowers our mortgage repayments, both positive and negative.
Please contact Andre Thane on 0437 922 210 to discuss further.