08/11/2023
*** RBA Cash Rate Increase 0.25% ***
Many predicted the cash rate would hold yesterday, however the RBA has just announced it is increasing the cash rate by a further 0.25%.
This is now the 13th RBA increase since May last year, bringing the cash rate to 4.35%.
Aussies with an average loan size of $500 will be forking out an additional $76 per month due to the increase.
Lenders are set to announce their own increase to their interest rates and as this occurs, we will post updates to ensure you are kept fully informed.
We are sure plenty of you will have questions regarding this and Pryce Butler Real Estate are always only just a phone call away.