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Exactly just How would negative interest levels work with Australia?

Exactly just How would negative interest levels work with Australia?

Australia’s formal cash rate is the cheapest it offers ever been, just what exactly would take place if interest levels went into negative territory?

Negative rates of interest are pretty difficult to imagine because we’ve never had them in Australia, but even as we inch ever nearer to a formal money price of 0%, conjecture is mounting that the state money price could quickly enter the negatives.

Base requirements of: a $400,000 loan amount, variable, principal and interest (P&I) mortgage loans by having an LVR (loan-to-value) ratio of at the very least 80%. If items listed have actually an LVR what exactly are negative rates of interest and just how do it works? continue reading