RBA Cut Interest Rates Again In December

RBA reduces interest rates again in December

Last month we saw a 25 base point reduction in rates and this month we get another early Christmas gift of 25 base points.

Last month all major lenders passed on the full cut, apart fromNAB/Homeside only passing on 20 points.

NAB/Homeside hadundercut the banks for the past year and a half and when ratesjumped up and banks passed on higher then RBA increases, theNAB/Homeside didn’t pass on as much as other lenders.

Essentially they’re just clawing back that position and still remain very competitively priced.

Most lenders take between 2 to 10 days to pass on the rate cuts, if you’re unsure and wanting to check if or when the rate cut is being passed onto your variable loan please feel free to call or email me Wilson Financial.

Wilson Financial Free Call 1300 780 826

Email: liz@wilsonfinancial.com.au

About Port Douglas

Port Douglas real estate - Real estate in Port Douglas is now sought after the world over. Our passion for where we live stems from Port Douglas being the only place in the world where two natural, world heritage listed sites (the Great Barrier Reef & Daintree Rainforest) exist side by side. If you would like buy or live in your own piece of paradise, please browse our real estate listings http://www.realestateportdouglas.com.au The views expressed in the Port Douglas blogs are not those of Century 21 Port Douglas Real Estate nor the Century 21 franchise.
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