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December 2011 - Interest Rate Reduction |
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Interest Rates Reduced !
Tuesday 6th December
The Reserve Bank of Australia announced today the Official Cash Rate will be reduced by 0.25% p.a. (25 bp).
This is the 2nd official reduction in Interest Rates in 2 months and will be a great Christmas gift for the many Australian households who continue to be challenged by the current economic climate.
Two questions that need to be answered ...
Question 1:
Will my Bank pass on the full Interest Rate cut ???
Answer:
Listed below is the updated list of the Banks / Lenders who have announced Interest Rate reductions.
Question 2.
How can I make the most of the reduced Interest Rate ???
Answer:
If your budget will allow ... resist the urge to reduce your Home Loan repayments. Maintaining your repayments at their current level reduce your Home Loan debt faster & enable you to own your home sooner.
or
If your family would benefit more from having more money available to cover your other household expenses ... a simple request will enable you to reduce your Home Loan repayments.
To know more or to discuss your individual circumstances & requirements please:
Click on " CONTACT US "
or
Phone David Pattemore (07) 5527 4744
Bank: Interest Rate Cut:
ANZ 0.25% p.a.
NAB 0.25% p.a.
CBA 0.25% p.a.
Westpac 0.25% p.a.
Macquarie 0.25% p.a.
ING 0.25% p.a.
St George 0.25% p.a.
Heritage 0.25% p.a.
Homeside 0.25% p.a.
Bank of Qld 0.25% p.a.
BankWest 0.25% p.a.
AMP 0.25% p.a.
AFG 0.25% p.a.
Liberty 0.25% p.a.
Suncorp 0.25% p.a.
Rams 0.25% p.a.
Bendigo Bank 0.25% p.a.
Adelaide Bank 0.25% p.a.
C.U.A. 0.25% p.a.
Please Note:
This information will continue to be updated as the Banks & Lenders announce their Interest Rate reductions.
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