Mortgage Interest Rate Predictions 2024 Australia. The next cash rate decision is on 24 september 2024. The reserve bank of australia has hiked the cash rate multiple times since may 2022, resulting in home loan rates rising across the country.
At this stage, anz economists believe that the cash rate has peaked at its current level of 4.35%, and they anticipate that the first rate cuts are likely to occur. After almost two years of interest rates rising, many mortgage holders hope rates could be cut at some point in 2024.
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