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Money & Finance Discuss foreign exchange, mortgages, lending and finance in general for your new life in Australia.


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Old 07-11-2007, 01:32 AM   #1 (permalink)
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Bank lending rates rise again .
Bank lending rates rise again !! ... The R.B.A ( Reserve bank of Australia ) has just made history in announcing a rise in the Bank lending rates during a Federal Election campaign . A rise of .25% was announced , which will no doubt be passed on without delay to lenders . This rise will require the average Australian mortgage of $300K a payment of approx $2400 / Mnth to service .
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