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RBA Rate Cut February 2025: All Four Banks Pass It On
- February 28, 2025
- Posted by: museswow
- Category: RBA Updates
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The RBA cut the cash rate from 4.35% to 4.10% in February 2025, the first reduction in four years. All four major banks have confirmed they will pass on the full 0.25% cut, reducing variable home loan rates for millions of Australian borrowers.
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RBA Cash Rate Prediction August 2024: Hold Likely
- August 5, 2024
- Posted by: museswow
- Category: RBA Updates
With annual CPI at 3.8% heading into August 2024, most economists expect the RBA to hold the cash rate at 4.35%. Here is what the inflation data shows, what a hold means for your home loan repayments, and what to watch in the months ahead.
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Rate Cut Hopes Fade 2024: Strategies for Home Loan Holders
- June 25, 2024
- Posted by: museswow
- Category: RBA Updates
Rate cut hopes in 2024 have faded as the RBA signals it is unlikely to ease until 2025. Government spending, rising rents and strong migration are keeping inflation above target. Here is what homeowners, buyers and investors can do right now to manage the prolonged high-rate environment.
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APRA Serviceability Buffer: What the 3% Rule Means
- December 18, 2023
- Posted by: museswow
- Category: News
APRA confirmed its serviceability buffer stays at 3% following its 2023 annual review. This means lenders must test your ability to repay at 3% above your actual rate. Here’s what it means for borrowers and how to work within it.
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APRA Serviceability Buffer: What the 3% Rule Means
- December 18, 2023
- Posted by: museswow
- Category: News
APRA confirmed its serviceability buffer stays at 3% following its 2023 annual review. This means lenders must test your ability to repay at 3% above your actual rate. Here’s what it means for borrowers and how to work within it.
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RBA Cash Rate Prediction October 2023: Hold Expected
- October 2, 2023
- Posted by: museswow
- Category: RBA Updates
Most experts are predicting the RBA will hold the cash rate in October 2023, following global central bank trends and signs of improving inflation. Here is what a hold means for your home loan repayments, buying power, and what you should be doing right now regardless of the outcome.
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Refinancing When House Prices Are Falling: What to Know
- February 15, 2023
- Posted by: museswow
- Category: Guides
Falling house prices affect your equity, LVR and refinancing options. Refinancing for a lower rate can still make sense, but accessing equity becomes harder. Negative equity can block a refinance entirely until values recover.
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Housing Affordability Australia: 2022 Crisis Explained
- June 1, 2022
- Posted by: museswow
- Category: Property and Finance
Housing affordability in Australia hit a record low in the March 2022 quarter, with the national dwelling value-to-income ratio reaching 8.5 and the average buyer needing 11.4 years to save a 20% deposit. Mortgage repayments now consume 41.4% of income nationally, while rental costs are rising too. Here is what the data means for buyers and renters across Australia.
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Housing Affordability Australia: 2022 Crisis Explained
- June 1, 2022
- Posted by: museswow
- Category: Property and Finance
Housing affordability in Australia hit a record low in the March 2022 quarter, with the national dwelling value-to-income ratio reaching 8.5 and the average buyer needing 11.4 years to save a 20% deposit. Mortgage repayments now consume 41.4% of income nationally, while rental costs are rising too. Here is what the data means for buyers and renters across Australia.
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RBA Cash Rate Rise May 2022: Impact on Your Home Loan
- May 14, 2022
- Posted by: museswow
- Category: RBA Updates
The RBA raised the cash rate by 0.25 percentage points in May 2022, the first rise since 2010. All four major banks passed on the increase in full. Here is what it means for your home loan repayments, your borrowing capacity, and the steps you can take to manage the change.
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