Market Update
April 2024 Mortgage & Property Update: Cash Rate 4.35%
April's hold kept the rate backdrop stable but still restrictive for many households.
30/04/2024 • Chorus Finance
April 2024 rate watch: The policy rate held at 4.35% for this month.
Borrowing power remained well below pre-tightening assumptions despite improving process certainty.
Broker takeaway: Targeted product strategy and debt clean-up often unlocked better outcomes than broad application shopping.
Source: Reserve Bank of Australia cash rate target, as at the end of the month.
This article is general information only and does not constitute personal financial advice.
About the author
Chorus Finance
Chorus Finance is a Brisbane mortgage broking practice. The founder holds an MBA in Finance and has worked in mortgage broking since 2020. The practice helps Brisbane borrowers, including first home buyers, refinancers, and people with self-employed income, understand their home-loan options.
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