Flourish Health & Wellbeing eMag - Latest Edition - Flipbook - Page 18
What This Means for You
For borrowers: Variable rate home loans
may soon become cheaper—but not yet.
Mortgage holders should expect relief in
late 2025, not immediately.
For adrenaline starved savers: Interest on
deposits won’t drop—yet. But when cuts
do arrive, savings returns will fall too.
Budget planning: Uncertainty around
timing means households should plan for
fluctuating repayments, not rely on
imminent relief.
The Road Ahead
Economists split on forecasts, but most expect
the RBA to resume cuts in August or
November, guided by monthly CPI and labour
data. Westpac sees two more 25 point cuts
this year; NAB predicts three; ANZ, CBA and
others anticipate steady easing toward early
2026.
Staying Ahead of the Curve
Track monthly CPI (released late July); a
figure below 2.6% makes an August cut
more likely.
Watch unemployment and wage data; a
persistent rise in joblessness may hasten
cuts.
Check lender responses after RBA
announcements. Cuts aren’t effective
unless passed on by banks.
Need Help Navigating This?
At Converge, we support Australians through
fluctuating financial climates. If you’re a
homeowner weighing mortgage options—or a
saver wondering what’s next—our financial
coaching service can help. We tailor budgeting
plans, refinance advice, and rate insights so
you feel empowered, not overwhelmed.
Take charge today: Book a free session with
our financial coach. Let’s plan ahead so
whatever the RBA does next, you’re ready.
