14/08/2025
The Reserve Bank of Australia has just announced a 0.25% cut to the cash rate in full, to new applications from 13 August — meaning home loan interest rates will drop by 0.25%.
This change could mean more money in your pocket, lower repayments, and a great opportunity for those looking to enter the property market. 📉💰
💰What this means for you:
• Lower monthly repayments on your mortgage.
• Potential savings over the life of your loan.
• Increased borrowing power if you’re planning to buy.
• A possible boost to housing market activity.
📊 Example Savings:
On a $600,000 home loan over 30 years:
Before: 6.00% interest → $3,597/month
After: 5.75% interest → $3,502/month
Savings: $95/month or $1,140/year
The RBA made this move to help ease cost-of-living pressures and support economic growth. If you already have a home loan, now is the perfect time to contact your lender or mortgage broker to see how much you could save.
💬 Tip: Even small cuts like this can add up to thousands in interest savings over the years — take advantage!