The Reserve Bank of Australia (RBA) has reduced the official cash rate by 25 basis points to 3.85% following its most recent board meeting on 20 May 2025.
This is the second rate cut this year. Since 2020 rates had only increased or held steady.
If banks and other lenders choose to pass on the rate cut in full, people with a $650,000 mortgage could save around $1000 a year on their repayments.
So, you’re getting ready to move into your new home. Even if you’re on a tight budget, it’s still possible to it deck out with everything you need.
Creating a cost-effective – but well-equipped – home requires good imagination and some strong will to live within the parameters of the budget you’ve set yourself.
The past couple of years have seen a major upheaval in the lending landscape. Consecutive interest rate rises have driven mortgage repayments up and tightened lending criteria.
There's nothing worse than opening your energy bill and finding it's higher than expected.
So it’s time to take charge and look at how you can at how you can cut electricity costs around your home and save more on your electricity bill.
There are plenty of changes - big and small, that can add up to reduce your bills and help you play your part in reducing emissions. Here are our top tips for keeping the energy meter down and putting more money back into your pocket.
Choosing a builder for a new home can be time-consuming, but it’s well worth the effort considering the amount of money involved, because making the right choice for you will directly influence not only the build quality of your home but also your enjoyment of the whole process.
Here’s a few pointers that will help you decide which builder is right for you.
Get back-to-school ready with the School Student Broadband Initiative.
There’s no doubt that children who can access online learning at home as part of their education are more likely to engage in classroom activities. And now, thanks to the School Student Broadband Initiative (SSBI), they can.
Whether you’re a first home buyer, upgrading, downsizing or looking to refinance your existing mortgage, if you’re looking for a home loan, a mortgage broker can help you sort through the many options on offer from different lenders. Mortgage broking is a service that can give you information upfront, help steer you in the right direction and set you up for long-term success.
And in the current interest rate environment, knowing the right broker and the right questions are more important than ever.
