Market Update
October 2024 Mortgage & Property Update: Cash Rate 4.35%
October held rates and reinforced disciplined purchase and refinance planning.
31/10/2024 • Chorus Finance
October 2024 rate watch: The policy rate held at 4.35% for this month.
Households balanced affordability pressure against limited quality stock in many suburbs.
Broker takeaway: Long-term loan structure and repayment flexibility matter more than short-term promotional noise.
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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