Market Update
May 2024 Mortgage & Property Update: Cash Rate 4.35%
May stayed on hold, with borrower confidence improving only gradually.
31/05/2024 • Chorus Finance
May 2024 rate watch: The policy rate held at 4.35% for this month.
Lenders prioritized consistency and evidence quality as they managed cautious risk settings.
Broker takeaway: Business owners and self-employed borrowers saw better outcomes when accountant alignment happened early.
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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