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Interest rate cuts only benefit the wealthy, report reveals

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Julia Corderoy | 25 Mar 2015, 06:00 AM Agree 0
Interest rate cuts are only benefitting the top 20% of households, a new report has revealed
  • Vic Regional Broker | 25 Mar 2015, 11:57 AM Agree 0
    Oh Really so Mum & Dad borrowers are no better off on a 300.0000 mortgage with a 0.25% reduction which will allow them to possibly start reducing principal earlier or increase discretionary spending ??? Yes wealthier families will be better off and so will Mum and Dad borrowers.
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