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Impacts of the RBA rate cut
The RBA cut the cash rate to a new record low of 1.75 per cent today on the back of last week's shock inflation figures which for the first time in 8 years, saw the price of everyday goods go down.
It's now up to each lender to pass this cut on – either in part or in full. Find out what this could mean to your variable home loan repayments using our chart below.
Impacts of a rate cut – national overview
Impacts of a rate cut – state by state breakdown
Notes:
- Calculations are based on a 30 year loan, starting at the current average variable rate of 4.65%, rounded to the nearest cent.
- Average loan sizes are based on ABS figures for Feb 2016
A list of lenders who have moved is here.
Compare all variable rates here.
Disclaimer
This article is over two years old, last updated on May 2, 2016. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent infographic articles.
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