0.5% Home Loan Interest Rate Cut on July 1 2024

New Tax rates kick in come 1st July 2024 means more cash to pay done your home loan mortgage.

Dual income families will look something like this, with more tax saving cash back in the pocket available equating to a 0.5% interest rate cut on a $700,000 home loan.
700,000 x 0.5% = $3,500


$100,000 Income with an extra $2,179
$80,000 Income with an extra $1,679
Tax saving cash back in the pocket will Total $3,858 Equivalent to 2 x 0.25% Interest rate cuts.

Here we go again with Inflation about to take off come July 1 2024.


This will also allow POTENTIAL home buyers to borrow more, & home prices heading higher into 2025.








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