Hello everyone, Josh here from Saliba with this week’s market update. In a move that’s set to boost confidence across the housing market, the Reserve Bank of Australia has cut the official cash rate by 0.25% to 3.85%—the lowest we’ve seen in over two years. ✅ What this means for: Homeowners: lower mortgage repayments Buyers: increased borrowing capacity The market overall: a signal of growth and support Whether you’re a first-home buyer, investor, or considering an upgrade, now could be a smart time to explore your options in a more favorable lending environment. 📉 Example: A $1 million mortgage could now cost around $160 less per month—that’s nearly $2,000 saved annually! Watch the full update for insights on how this could impact you. And if you’re thinking of making a move or just want to understand what this means for your property journey, reach out—we’re here to help. 🔔
Don’t forget to like, subscribe, and hit the bell for future market updates. #RBA #InterestRates #PropertyMarket #HomeLoans #RealEstateAustralia #MarketUpdate #SalibaGroup #MortgageTips #FirstHomeBuyer