Rate Cuts mean savings

On a recent poll, Australians have said they will not spend the savings from rate cuts on retail goods but will increase repayments. Only 2% said they would spend the money on retail goods, 20% said they would refinance, 21% said they would save it and 57% said they would increase repayments to reduce debt.

This is a great news for the overall “good health” of the Australian property market.