The prospect of further rate cuts later this year would help stabilise the housing market
The bank failed to link offset accounts to broker-originated loans, resulting in borrowers paying more in interest
The RBA's decision could be a sign that prices might start shooting up again
Home-loan arrears have risen to a level not seen since the aftermath of the GFC
But the bank will not be passing on the RBA rate cut in full for owner-occupier loans
Two of the Big 4 banks have refused to pass on the rate cut in full, offering 18bps and 20bps discounts instead
It's going to save mortgage holders money – but is the rate cut beneficial to the overall economy?
One likely scenario is that prospective homebuyers would be able to take on a bigger mortgage