In the bank: how much rate cut trims off your home loan
Australia’s home owners are breathing a sigh of relief as the Reserve Bank finally cut interest rates by 25 basis points to 3.6 per cent after unexpectedly holding them steady in July.
HOW MUCH MORTGAGE HOLDERS WILL SAVE AFTER AUGUST RATE CUT
* $500,000 loan - $74 saving per month
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By continuing you agree to our Terms and Privacy Policy.* $600,000 loan - $89 saving per month
* $750,000 loan - $111 saving per month
* $1 million loan - $148 saving per month
HOW MUCH MORTGAGE HOLDERS SAVED AFTER THREE RATE CUTS IN 2025
* $500,000 loan - $226 saving per month
* $600,000 loan - $272 saving per month
* $750,000 loan - $340 saving per month
* $1 million loan - $453 saving per month
Figures based on Canstar data, assuming an owner-occupier is paying principal and interest with 25 years remaining on the mortgage as of February 2025.
