Home Design
RBA Cuts Interest Rates: What it Means for Homeowners and Builders
04-03-2025
The Reserve Bank of Australia (RBA) has recently reduced the official cash rate by 0.25 percentage points to 4.10%, marking the first rate cut in over three years. This move aims to ease financial pressures on households and stimulate economic growth. But what does this mean for homeowners and those looking to build a new home?
With major banks, including Westpac, Commonwealth Bank, NAB, and ANZ, passing on the full rate cut, mortgage holders stand to benefit. Here’s an estimate of potential savings:
When it comes to building a new home, there’s a lot to consider. Whether it’s your first home, an investment, or your forever home, our partners at MyChoice Home Loans are here to support you throughout each step of your journey.
Whether you’re a first-time buyer, upgrading, or investing, MyChoice Home Loans offers tailored advice to suit your situation. They compare lenders, negotiate rates, and guide you through the loan process, ensuring you get the most out of these interest rate cuts.
For an obligation free chat with a MyChoice Home Loan specialists please call 1300 786 908 or email enquiries@mychoicehomeloans.com.au
Not sure how much you could save or what you can afford? Arden Homes, in collaboration with MyChoice Home Loans, have created a range of online calculators to help you:
These tools make it easier to plan your budget and take advantage of the lower rates.
With the right home loan and a smart financial plan, owning your dream home with Arden Homes is now more achievable than ever. Explore our home designs and financing options today.
*Based on realestate.com.au RBA relief: Rates are cut – how much could you save?Â