What the RBA Move and Federal Budget Mean for Local Investors
The Reserve Bank of Australia has increased the cash rate for the third time this year, bringing it to 4.35% as it moves to curb rising inflation. This latest shift means the average homeowner could be looking at roughly $335 more in monthly repayments compared to the start of the year, while prospective buyers may see a dip in their total borrowing capacity.
We know that many in our community are feeling the pinch of the climbing cost of living, from the petrol pump to the grocery aisle. While global economic factors are out of our control, your household response doesn’t have to be. Now is the perfect time to audit your outgoing expenses, starting with a review of your home loan to ensure you aren’t paying more than necessary. Whether it’s finding a more competitive rate, consolidating high-interest debts like car loans and credit cards into a single lower-interest repayment, or even switching utility and insurance providers, small adjustments can lead to significant monthly savings.
Read More & Stay Informed You can read the full detailed report of the RBA Breakdown via the link below: 👉 [Link Here]
Dean Inzitari – Director & Principal Broker – dean.inzitari@loanmarket.com.au
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