South Brisbane and South Bank

Rates cut saves South Brisbane owners

From www.brisbanetimes.com.au today: Interest’s rates are at their lowest in 45 years with the current cash rate slashed to 3.25%.  Today’s announcement will save the median South Brisbane apartment owner with a typical 30-year, $569,000 mortgage about $340 in monthly repayments.  All 4 big banks have today confirmed that the rate cut will be passed on in full.  We’re expecting that this additional reduction in official rates will see even more buyer’s return to the market.