Interest Rates Down 50 Basis Points

By: Rosemary Johnston – Friday, May 04, 2012

The question is will the banks pass on the rate cut to consumers?  The reserve bank is obviously concerned about economic growth and certainly the first part of the year has been slow. The property markets have been slow too. The size of the rate cut should encourage newer investors to participate more activley in the markets. Of course, seasoned investors will be happy but are already in the market taking advantage of SMSF and NRAS.