Month: October 2024

Home Loan Interest Rate Update: Stability in the Market as RBA Holds Steady

As of October 23, 2024, residential home loan interest rates in Australia are averaging approximately 6.15% for variable-rate loans and 5.90% for fixed-rate loans. This reflects the steady environment following the Reserve Bank of Australia’s (RBA) decision to maintain the official cash rate at 4.10%. Investment loan rates are slightly higher, with variable rates around
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