Welcome back to Mozo Money Moves, where each week we bring you the latest insights in personal finance. This week we’re diving into how 49 lenders have now passed on the recent Reserve Bank of Australia (RBA) rate cut, and the competitive home loan rates on offer.
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The Insurance Council of Australia (ICA) is calling for a major investment in flood defences to protect homes and businesses from rising risk, proposing a $30.15 billion Flood Defence Fund (FDF) over 10 years, shared between the Federal and state governments.
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The Reserve Bank of Australia (RBA) has finally cut the cash rate by 0.25% and with the majority of banks following suit, you’ll soon have some extra dollars to play with. But how much will you actually save? And should you spend it, save it, or use it to get ahead on your mortgage?
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