The Reserve Bank  today slashed interest rates by 100 basis points to 4.25%.  

 

 

The Reserve Bank and the Australian Government  are again demonstrating its willingness to act  to underpin economic growth.  

 

Some economists predict that further policy support for economic activity may see : 

Australia has more scope than most Western countries to deploy the conventional instruments of economic policy to counter contractionary influences. There is greater scope to cut Australian interest rates because they were higher to begin with than in most other countries. 
And has greater scope to ease fiscal policy because it is starting from a position where the budget is in surplus and with no net public debt.

 

A household with a variable rate loan of $300,000 will be saving a further $250 a month. 

By now (since the rate cuts began in September), Australians head into the Christmas season around $700 a month better off. This is a big opportunity to be ahead. 

 

Save. Reduce debt. Invest.
 
 "The secret is to spend what you have left after savng, instead of saving what you have left after spending." One way to save is to allocate a regular amount into properties. Below we show properties where you can invest your regular savings in affordable amounts.

 

"The Noah Principle : Predicting rain doesn't count; building arks does."  Seize the day!