RBA DECISION DISAPPOINTS AUSSIE JOHN

RBA DECISION DISAPPOINTS AUSSIE JOHN

AUSSIE John Symond, the man who spruiked that he could ‘save us’ from the big banks, has expressed disappointment at the RBA’s decision to lift the cash rate to 4.75 today.

“The Reserve Bank’s decision to lift the official cash rate 0.25 per cent to 4.75 per cent in my opinion is extremely disappointing and creates risks to the ongoing health of the Australian economy,” says Symon, the founder of Aussie Home Loans.

“I believe there is still much to be concerned about globally, with fears of a double-dip recession in the US and ongoing weakness in Europe. While the Australian economy is looking healthy, we still have to be mindful of what may come in the future.

“In all circumstances, however, it’s important for homeowners to be vigilant with their mortgages. Even though rates have gone up considerably since this time last year, it is still prudent to pay as much off your loan as possible. Even the cost of a cup of coffee a day can potentially cuts years off the life of the loan, and save thousands in interest payments.”

--------------------------------------------------------------------------------
< Previous


Other Recent Articles
     COUNTDOWN TO YOUNG ENTREPRENEUR OF THE YEAR AWARDS
     SUNLAND CONFIDENCE RETURNS
     BRISBANE AWARDED FIRST LIGHT RAIL CONTRACTS
     PATENT BOOST FOR MEDIGARD
     IS QUEENSLAND THE NEW INVESTOR'S PARADISE?

Get our daily business news

Sign up to our free email news updates.

 
Whitefox Recruitment founder Luke Hemmings making strides as a careers leader
Partner Content
After relocating his Canberra-founded company Whitefox Recruitment to the Gold Coast la...
Whitefox Recruitment
Advertisement

Related Stories

ASIC secures its first court win for greenwashing against US giant Vanguard

ASIC secures its first court win for greenwashing against US giant Vanguard

The Australian corporate watchdog has caught out one of the world&r...

Medicinal cannabis group Althea shaves $1.5m from its cost base through staff cutbacks

Medicinal cannabis group Althea shaves $1.5m from its cost base through staff cutbacks

Australian-founded medicinal cannabis company Althea Group (ASX: AG...

Charter Hall snares 15pc stake in Hotel Property Investments for $97m from 360 Capital

Charter Hall snares 15pc stake in Hotel Property Investments for $97m from 360 Capital

Listed funds manager 360 Capital Group (ASX: TGP) has offloaded its...

The party’s over: Splendour in the Grass festival cancelled for 2024

The party’s over: Splendour in the Grass festival cancelled for 2024

Splendour in the Grass, Australia’s largest winter music fest...