
The Reserve has slashed the official interest rate by 100 basis points, potentially saving the average homeowner $186 a month.It is the fifth time in a row the central bank has cut rates since September.
Wayne Swan said other banks should follow Westpac's lead. This is likely to cause a very immediate and profound impact on the home-owner segment of the market.
Morpheus advice: Move quickly and secure your slice of property before the price hike (particularly in the lower to median price range).
Yours in property!
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