Rate Decision May 2016

May 05, 2016
Tony Egan

A lot happened yesterday. The Federal Government unveiled its 2016-17 Budget, while the Reserve Bank of Australia decided to cut the cash rate to the new historical low of 1.75%.
Pleasingly, Australia’s lenders were quick to follow suit, with many choosing to pass on the rate cut in full to their customers.
Regardless of whether you are a home owner or a potential home buyer, this is great news.
The Federal Government’s 2016-17 Budget also contained some great initiatives for home buyers and owners.

Posted in: Interest rates

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