Chris Pullen | Blue Wave Properties Strategies
In a move that many were anticipating, the Reserve Bank of Australia (RBA) has reduced the official cash rate by 0.25%, bringing it to 3.85% following this month’s monetary policy meeting.
This decision follows recent economic data from the Australian Bureau of Statistics, which shows that the underlying inflation rate—the trimmed mean—has eased to 2.9%, down from 3.3% in the previous quarter. This shift places inflation back within the RBA’s preferred target range of 2–3%.
Looking forward, there is growing speculation that additional rate reductions could be on the horizon for 2025. However, future decisions will largely depend on how the economy tracks, particularly in relation to inflation trends, employment levels, and broader financial stability.
As a result of this rate change, lenders are expected to begin adjusting their variable interest rates, which could present opportunities for homeowners and investors to reassess their current loans or explore new borrowing options.
If you’re thinking about how these changes might affect your finances, now is a great time to chat.
📲 Get in touch with Blue Wave Property Strategies for personalised advice on how to make the most of the current rate environment and plan your next property move with confidence.