The Mauna Loa Volcano is the largest volcano on the planet as it rises over 4 kilometers above the sea level but the 4 kilometers that you see on top is not even half the size of the volcano.he Mauna Loa Volcano is the largest volcano on the planet as it rises over 4 kilometers above the sea level but the 4 kilometers that you see on top is not even half the size of the volcano.
The cost of housing varies wildly from neighborhood to neighborhood, never mind from city to city. An accepted rule of thumb is your mortgage, or lease payment, shouldn't be more than 28 percent of your gross salary. That would be about $1,166 per month on a gross salary of $50,000.
The average homeowner will save just under $50 per month repaying a $300,000 home loan, assuming banks pass on in full the 25 basis point cut in the cash rate by the Reserve Bank. Here's a chart to give you an indication of what you'll save:conomists predict the central bank will trim the cash rate by 25 basis points to 4.50 per cent. The big question is whether the banks will pass on the rate cut to customers. If passed on in full to consumers, that would cut the monthly mortgage payment by $50 on an average $300,000 loan over 25 years.