Market Update
August 2024 Mortgage & Property Update: Cash Rate 4.35%
August delivered another hold, with markets still searching for clear easing timing.
31/08/2024 • Chorus Finance
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.
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.
More about Chorus Finance →