This just in the RBA has announced NO rate change

It’s official, the cash rate has held steady for the 6th month in a row at 4.35%.   

Borrowers Keep Pace with Rising Costs and Mortgage Payments

Despite the economic challenges posed by rising inflation and interest rates over the last two years, the majority of borrowers have managed to keep up with their debt repayments.

First Home Loan Demand Surges

The journey to homeownership is becoming a reality for more Australians, as evidenced by the latest data has recently sourced from the Australian Bureau of Statistics.

Reserve Bank’s early Xmas gift to borrowers

The Reserve Bank has paused interest rates at its final meeting of 2023, delivering millions of families a reprieve from another rise in their mortgage repayments early in the New Year.

The outer suburbs are being impacted most by higher rates

Despite interest rates rising at a record pace, the number of mortgage holders in arrears remains around the long-term average of 1%.

RBA Raises Interest Rates to 4.1% in June Amid Concerns Over Inflation Plan

The cash rate target saw an increase to 4.1% in June, marking a ten-year record.