The introduction of the revamped stage three tax cuts on July 1 means savvy borrowers can effectively wipe $322,000 from their home loans.
The stage three tax cuts reduce the 32.5 per cent tax bracket to 30 per cent and increase the 37 per cent threshold from $120,000 to $135,000.
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Lucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com
