The latest Deloitte Access Economics' latest report makes for pretty interesting reading. It turns out the average Australian has a, “wide-ranging hesitancy to make any sort of change” when it comes to their mortgages and other financial products. In fact, a reported 41% of Australians with a mortgage don't check for interest rate changes because they either have no interest, don't know what the RBA cash rate is, or don't see its relevance. Does it surprise you that educated borrowers … [Read more...]
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