Welcome to the rate cut party

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Welcome to the rate cut party October 10, 2019

As expected by many, the Reserve Bank of Australia (RBA) took the axe to the cash rate again this month, lowering it by 25 basis points from 1.00% to 0.75%.

Below is a table which summarises some of the key responses from select lenders.

Feel free to reach out if you would like to know how the new fixed rates have been priced, or if you need further information about how the changes impact your personal situation.

Note: P&I=Principal and Interest, IO=Interest Only, OO=Owner Occupier, SVR= Standard Variable Rate

Long Property blog content provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. Nothing on the Long Property website constitutes legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.

DANIEL GOLD

Dan runs Long Property and has been recognised by Mortgage Professional Australia as being one of the top 5 mortgage brokers nationally.  Email dan@longproperty.com.au

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