That's right, the rate cut last month save someone around $700 on a 400k loan an around $1750 on a mil loan.
And if these cuts are passed on will do around the same again, ANZ have passed it on immediately from today and will see who else follows.
If they all the do great, possibly around $1400 a year now and the tax changes to come of around $1,080 per earner, so a household of 2 workers could be around $2,160 and with the possible savings on interest some families could be getting around $3,560 or around $68 a week into that household. A big boost to a hell of a lot of people.
