There’s been “incredible news” today with Sky News revealing Reserve Bank Governor Dr Philip Lowe enjoyed a “taxpayer-subsidised mortgage perk” on top of his generous salary, says Sky News host Sharri Markson.
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“Sky News’ Olivia Caisley reports that Dr Lowe was given a half-price loan by the RBA to buy his five-bedroom home in Sydney’s east,” Ms Markson said. “Land title documents, obtained by Sky News, reveal Dr Lowe took out two loans to buy the property for $1.75 million in 1997. “Up to $241,000 was loaned by the Reserve Bank to Dr Lowe at the heavily discounted rate and another $151,000 was borrowed directly from the Commonwealth Bank.”
She said the documents suggest neither of the loans have been discharged but a spokeswoman for the RBA says they were paid off “several years ago” and that Dr Lowe no longer has a mortgage.
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