With the Official Cash Rate (OCR) earlier in June staying at its historical low of 2.25%, this has meant those currently with mortgages are enjoying very low interest repayments on their borrowings.
However for those who are relying on interest income to help them through retirement, these very low interest rates are not at all helpful. If you are concerned about your situation, feel free to contact Shaun or Marc, to discuss what other options you may have. Shaun and Marc are both Authorised Financial Advisors.
A disclosure statement is available on request and free of charge.