As everyone predicted, the RBA have dropped rates now down to 3.25%, the lowest it has been since 1964!

Today's cut will save a home buyer with a typical 30-year, $300,000 loan about $170 in monthly repayments if the lender passes on the full amount. Over the life of the loan, the savings will total about $61,272.

So, a lot of people now find themselves better off each month cash-flow wise.. but what is it you think they will do with it? Pay off thier mortgage, invest it in something else.. or buy doodads?

Will you utilize the rate cut to your advantage?