A great time to borrow says Joe Hockey

Australian commonwealth government treasurer Joe Hockey said there has “never been a better time” to borrow to purchase a house.

Both Mr Hockey and the Prime Minister Tony Abbott have said record low interest rates are great for young Australians.

However rates will rise at some time in the future although for now, the Reserve Bank is saying it is more inclined to cut rates again in the coming months.

Source: The New Daily

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