Great Minds Financial Services

03/02/2026

It's a rise....

31/12/2025

Wishing you all Happy new year...

12/12/2025

December 2025

RBA holds rates steady at 3.60% amid persisant inflation. The Reserve Bank of Australia (RBA) has wrapped up its final policy meeting of 2025 with a unanimous decision to keep the official cash rate (OCR) unchanged at 3.6%. This marks the third consecutive month of stability and the first time in over a year that rates have remained steady for more than two meetings.

Underlying inflation remains the key concern for the central bank. Despite three rate cuts earlier this year—in February, May, and August—which fueled market optimism and a surge of activity among homebuyers, the RBA has hit pause since September. Governor Michele Bullock has reiterated that monetary policy will not ease further until inflation returns to the bank’s target range.

October’s Consumer Price Index (CPI) offered little comfort. Headline inflation rose 3.8% over the year to October, up from 3.6% in September. The trimmed mean inflation rate also ticked higher, reaching 3.3%, compared to 3.2% the previous month. These figures underscore the challenge of bringing inflation under control, even as borrowing costs remain historically low.

For homeowners and prospective buyers, the current pause provides a window of stability—but uncertainty lingers. With inflation still above target, the RBA is signaling caution. Market watchers will be looking closely at upcoming CPI data and economic indicators to gauge whether rate cuts
could resume in 2026.

19/10/2025

Wishing you a very Happy Diwali! May this festival of lights bring you prosperity, health, and good fortune....

30/09/2025

Our prediction is Interest rates are going to be on HOLD today.

12/08/2025

RBA dropped the rate by 0.25

08/07/2025

July 2025

In a surprise move, RBA holds rates

The Reserve Bank of Australia (RBA) has opted to keep the cash rate unchanged at 3.85%, amid soaring national house prices and ongoing economic uncertainties. This decision reflects a cautious approach, as inflation continues to slow but remains slightly above expectations.

With house prices hitting record highs after consecutive months of growth, the RBA’s decision to hold the cash rate is unlikely to ease home owners mortgages or buyers rate pressures. Borrowers are now left wondering whether lenders will adjust their variable rates despite the RBA’s stance.

Inflation rates have been on the decline since last year, thanks to higher interest rates that have helped balance economic demand
and supply. However, global uncertainties, particularly around trade policies, continue to pose risks to economic growth. In Australia, demand for goods and services is improving, but some businesses find it challenging to pass on cost increases due to insufficient demand. The tight job market adds complexity, as productivity hasn’t seen significant improvement.

The next RBA meeting will be held in August, this is likely to be closely watched especially with the CPI data for June being due in July.

Looking for a better rate or want to chat? Get in touch today.

21/05/2025

May 2025
RBA has slashed rates by .25 basis points. This month’s cash rate decision has just come through, and it’s been cut by 25 basis points, bringing it down to 3.85% in an effort to ease cost-of-living pressures.

Inflation seems to be cooling off, but there’s a chance it could pick up again soon. This could be due to a mix of things like economic uncertainty, what’s happening in our local economy, and the job market. Right now, the plan is to keep an eye on both global and local economic signs. According to ABS, the annual trimmed mean inflation had dropped to within the target range
of 2-3% in March 2025 to 2.9%, suggesting today’s rate drop was in line with the market expectation.

For Aussie homeowners, this rate cut could lead to reduced monthly mortgage repayments, provided lenders pass on the full decrease to variable home loans. Despite this relief, many households continue to grapple with high living costs, making it an opportune time to review home loans. Most major banks follow on from the RBA, so they will likely start announcing rate cuts to their variable rate after today’s decision.

This might be a great time to get in touch about their options such as renegotiating with current lenders, refinancing, or considering debt consolidation might improve financial situations.

20/05/2025

20/05/2025

Big News for Homeowners/Investors and Buyers!
There’s growing speculation that the RBA may cut interest rates—and that could mean lower loan repayments for many Australians!

If you’ve been thinking about refinancing, buying your first home, or making a big financial move, now might be the perfect time to get prepared.

A rate cut could mean:
• Lower mortgage repayments
• More borrowing power
• Better deals on home loans

Stay tuned—we’ll keep you updated as more details come in. And if you want to know how this could affect your finances, feel free to reach out!

30/04/2025

In every Australian heart lives a dream — a home filled with laughter, family, and new beginnings.
Today, making that dream come true is simpler than ever.
With perfectly structured home loans, crafted specially for our community, your journey to homeownership starts now.
Low interest rates, trusted advisors, and a process that truly understands your needs.
Secure your dream home — for your family, for your future.
Let’s build the life you’ve always imagined.
Talk to us today.

18/02/2025

Finally, it's here...