The RBA has cut the official cash rate to 4.10%.
The RBA rate cut has officially arrived, with the Reserve Bank of Australia (RBA) lowering the cash rate by 0.25% to 4.10%. This is the first RBA rate cut since 2020, bringing potential relief for borrowers while aiming to stimulate economic growth. At Beyond Broking, we’re here to help you understand how this change impacts your mortgage and what steps you can take to benefit from lower interest rates.
After a period of steady rate increases to combat inflation, the RBA rate cut comes as inflationary pressures ease. In the December quarter, underlying inflation dropped to 3.2%, allowing the RBA to adjust its stance. Slower growth in private demand and easing wage pressures have also contributed to this decision. The goal is to balance economic growth while keeping inflation within the target range of 2–3 per cent.
For the latest RBA announcements, visit the RBA's official monetary policy page.
If you have a variable-rate mortgage, the RBA rate cut could lead to lower monthly repayments, potentially saving you thousands over time. However, the benefit depends on whether your lender passes on the full 0.25 per cent reduction.
Want to see how your bank is responding? Check out RateCity’s lender comparison to track interest rate changes across different banks and lenders.
At Beyond Broking, we analyse how this RBA rate cut affects different lenders and help you explore refinancing options to ensure you’re getting the best possible deal.
With an RBA rate cut, lenders may offer more competitive deals to attract borrowers. This presents an excellent opportunity to refinance your mortgage and secure better loan terms.
If you’re considering refinancing, use the Moneysmart mortgage calculator to estimate potential savings.
At Beyond Broking, we work with over 50 lenders to find loan products that align with your financial goals, ensuring you maximise the benefits of this RBA rate cut.
A lower cash rate often stimulates the housing market, making borrowing more affordable. This RBA rate cut may provide a boost for first-home buyers, as reduced borrowing costs can improve affordability. While property prices fluctuate, this change could encourage more buyers and investors to enter the market.
For up-to-date property market insights, visit CoreLogic’s housing market index.
If you're a first-home buyer, check out our Beyond Broking First-Home Buyer Guide to understand your options in today’s market.
Navigating the impact of an RBA rate cut can be complex, but you don’t have to do it alone. At Beyond Broking, we provide tailored advice to help you understand what this change means for your mortgage, refinancing options, or property investment plans.
📞 Contact us today to discuss how this RBA rate cut affects you and explore strategies to optimise your home loan.
Note: Financial decisions should be made based on your individual circumstances. It's advisable to consult with a financial professional before making any significant changes.
