Holywood News
Reserve Bank cuts major living relief rates for homeowners: How much will Australia save for mortgage loans in Australia
- Reserve Bank lowers interest rates
The Reserve Bank lowered interest rates – saving an average borrower $100 a month.
Since June 2023, cash has dropped by 25 basis points, bringing it back to 3.85%.
Home borrowers have all eased basic inflation rates, both below the 2% to 3% target of RBA.
An owner with an average of $660,000 in mortgages will save $107 on a borrower’s monthly repayment and cut the latest tax rate.
Reserve Bank lowers interest rates – Save average borrowers to repay $100 per month
