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May Mortgage and new record low interest rate in Australia

May 5th, 2015 at 12:51 pm

Mortgage Payment went through yesterday.
Mortgage Payment = $1,218.00
Principal =$1, 126.86
Interest = $91. 14 (YES! Less than $100)

The Australian Reserved Bank lowered the interest rate today to an all time record low of 2%. At this rate we are starting to think of taking some money out of the mortgage Redraw Account to invest on shares instead. It's very tempting.

1 Responses to “May Mortgage and new record low interest rate in Australia”

  1. VS_ozgirl Says:

    $91.14 interest is awesome!!

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