Boost for home owners: cash rate falls to 3.50%

RateCity Staff

By RateCity Staff

1 min read

Reserve Bank lowers cash rate to 2 and-a-half-year low at 3.50%. Spending should receive a boost with $184 per month in pockets of households with a $300,000 variable rate mortgage after 4 rate cuts*. But many borrowers still paying more than they were in 2009 – average standard variable rate is 58 basis points higher than November 2009

Media Enquiries

Laine Gordon

Laine Gordon 

P:0408 635 344


Corporate Address

Level 3, Suite 3.02, 52 Alfred Street, Milsons Point

NSW 2061 Australia

Visit Contact Us for all non-media enquiries.
Compare your product with the big 4 banks, or add more products to compare