RBA cuts 100pts

Seems I'm wrong, RBA cut 100pts instead of 75pts. So Aus economy is really in quite a big trouble.

The Reserve Bank has again slashed rates, cutting its key rate by another 100 basis points to a record low 3.25%.

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. More

Not only that, today the Government announces that low-mid income earners like us will be getting a bonus payment!

The $12.7 billion cash payments will include one-off bonus payments of $950 each for low- and middle-income households and individuals through five bonuses to be paid in the next few weeks through either the Australian Tax Office or Centrelink.

It means 8.7 million workers earning $100,000 or less will receive a lump sum payment of $950 each from April. More

$950.00...not bad. Time to get myself a new SLR Lens or PS2? hmm... I think a lens would be a better investment!