Market Update
July 2024 Mortgage & Property Update: Cash Rate 4.35%
July held rates as borrowers combined budget resets with lending strategy reviews.
31/07/2024 • Chorus Finance
July 2024 rate watch: The policy rate held at 4.35% for this month.
Policy settings were unchanged, but household planning behavior remained active and pragmatic.
Broker takeaway: Mid-year finance reviews reduced decision stress and improved execution confidence for spring campaigns.
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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