Business
3 money changes you should have made in March – Yahoo Finance Australia
The Reserve Bank slashed rates in March. Have you been taking advantage of this?
Have you been making the most of this low-rate environment? Images: Getty
Australians have refinanced more than $53 billion worth of home loans in the last six months after the coronavirus recession prompted the Reserve Bank of Australia to slash rates.
The RBA in March took rates to their current record low of 0.25 per cent, triggering a refinancing avalanche that has seen the average refinancer net an extra $395 a month, or $4,740 per year.
And as the RBA moves to cut rates on Tuesday, those who…
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