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Noice indeed! :D Once I refinance my Commercial Construction loan from 7% down to 5.26% at WBC with my 100bp discount off their standard variable that will be about another $20K pay rise pa. Very noice!! :) Strata documents signed and on their way back from the bank as we speak. New...

Yep, three in now... My WBC banker called me just before the announcement to let me know what they were doing. All of my remaining loans are variable now so that will help. 25bp on $2M is $5K pa. Cheers, Michael

Here's a very good take on the decision by Michael Pascoe today: http://www.smh.com.au/business/rba-a-surprise-but-not-a-shock-20130507-2j58n.html Good point! Given the focus of both sides of parliamant on returning to surplus and tightening fiscal policy, it virtually forces monetary...

And they leave themselves open for further cuts: Great news for borrowers and investment asset holders. A surprise cut and a signal of potentially more to come. Bring on 5 years fixed rates at sub-5%!! :) Cheers, Michael