AustraliaвЂ™s official cash price is the cheapest it has ever been, just what exactly would take place if rates of interest went into negative territory?
Negative interest levels are pretty difficult to imagine because weвЂ™ve never had them in Australia, but once we inch ever nearer to a cash that is official of 0%, conjecture is mounting that the official money price could soon go into the negatives.
Base requirements of: a $400,000 loan quantity, adjustable, major and interest (P&I) mortgage loans by having an LVR (loan-to-value) ratio with a minimum of 80%. If services and products listed have actually an LVR exactly what are negative interest levels and exactly how do it works?
Negative interest levels can happen in the event that Reserve Bank had been to modify the cash that is official to 0% or lower. Continue reading