August 2024 Mortgage & Property Update: Cash Rate 4.35%

August 2024 rate watch: The policy rate held at 4.35% for this month.

Affordability constraints persisted while demand remained resilient in well-located affordable stock.

Broker takeaway: Pre-qual accuracy remained critical because small policy mismatches could still derail timelines.

This article is general information only and does not constitute personal financial advice.