New Record Low

July 3rd, 2019

Our Phillips’ Mortgage Choice office is abuzz after the Reserve Bank of Australia (RBA) took the remarkable step this week to slice a further 0.25% off the official cash rate, driving it down to a new low of 1.00%.
Many of their clients are having them check if their lender is passing on the full value of these cash rate cuts. If not, there is no shortage of outstanding home loan deals up for grabs at the moment in which they can set you up with.

The rate cuts will help strengthen prices in Mackay’s recovering market as lower interest rates mean buyers will be able to borrow more.

If you’d like to check if you’re receiving the best rate from your lender, then contact your Gardian agent and they can organize an obligation free rate check with one of our brokers.