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Aussie has dropped the 1-3 year fixed rates for its own Aussie branded home loan by 0.20% to 5.79% (Comparison rates 6.76%, 6.66% & 6.57% for 1,2 and 3 year select basic fixed).

The rate cut comes after reductions in the variable home loan rate across the industry and a number of consecutive RBA rate moves since late 2011. The new rate comes into effect from 19 July, 2012.