Posted on Nov 10, 2017

With recent news of the RBA keeping the cash rate at 1.5% for the 14th consecutive month, home lenders are advised to refrain from fixing their interest rates on their home loans. Banks hold at least 60% of their loan assets directly to housing. Research by ABS in 2015 also showed that the household debt to income ratio is on the increase. This means for every $1 of income earned by Australians nearly $2 of debt is accumulated.

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