Posted in RBA

With inflation heading in the right direction and the Reserve Bank of Australia (RBA) cutting the cash rate three times this year, many Aussies are wondering:Is now a good time to refinance?The short answer? It depends on your personal situation and goals. But there are some strong signs that now could be a great time to take a closer look at your home loan.Inflation is settling down.The latest inflation data is promising. The RBA’s preferred measure trimmed mean inflation is now sitting co...

In July, many experts expected the Reserve Bank of Australia (RBA) to cut interest rates. Inflation seemed under control, and cost-of-living pressures continue to weigh heavily on Aussie households. But instead, the RBA chose to keep the cash rate steady.So, why didn’t they cut rates? Let’s break it down in simple terms.Inflation is better but not quite there yet.Inflation has dropped to 2.4%, which is within the RBA’s target range of 2–3%. That’s a good sign. But the RBA doesn’t ...

With the Reserve Bank of Australia (RBA) cutting the cash rate, interest rates have come down. So, is now a good time to buy property? The answer depends on your unique circumstances and goals, but it’s always best to get a leg up on the property ladder sooner rather than later. Here are some compelling reasons to consider jumping right in.Competitive interest ratesIn February, the central bank lowered the cash rate from a 13-year high of 4.35% to 4.10%. Many lenders, including Australia’...

The Reserve Bank of Australia (RBA) has cut the cash rate, and more cuts are expected in 2025. All big four banks anticipate at least two cuts this year, with some predicting up to five reductions. So, should borrowers choose a variable home loan rate, a fixed one, or a split rate? The answer depends on your priorities.Understanding your options:Variable home loansA variable home loan rate moves up and down with market interest rates. If the RBA cuts the cash rate again in 2025, your lender m...

With last week’s announcement, the Reserve Bank of Australia (RBA) decided to keep the cash rate at 4.35 percent. Now, all eyes are on when the first-rate cut might happen.Chris Collard, Director at FinancePath, believes that a future rate cut will make a big difference in boosting confidence among potential buyers. “While a rate cut would give existing borrowers some extra cash flow, the biggest effect would be on confidence for those thinking about buying—whether they’re looking for...