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Another big four bank has changed its initial forecast of a February rate cut to May, with only CBA now maintaining its expectation of a reduction in early 2025. ANZ was the latest of the four banks to revise its outlook, explaining that its earlier prediction was based on trimmed inflation falling within the Reserve Bank of Australia’s target band by its first meeting in February. However, it said this was no longer looking likely. In addition, the bank only expects two rate cuts of 0.25 percentage points each next year, after initially forecasting three. While a lower cash rate will be a positive factor for housing markets, CoreLogic research director Tim Lawless said two cuts were unlikely to be enough to make a significant difference to falling property price growth. “A couple of rate cuts might be enough to shore up a declining trend in home values, but it is hard to see any material upward pressure returning until interest rates reduce more substantially and affordability barriers are less formidable.” #propertyprices #interestrates #pricegrowth ------------------------ If you would like to secure a home loan that offers you real solutions and not just a competitive interest rate, contact us on 07 5657 3678 or email info@financeindustries.com.au to discuss your options.

📈 “The Big 4 Interest Rate Predictions for 2025” The Big 4 banks have spoken, and here’s what they’re predicting for interest rates next year: • CBA: Maintains that the first-rate cut could occur in February 2025, with a total reduction of 0.75% by mid-year. • ANZ: Also anticipates a February 2025 rate cut, aligning with CBA's forecast. • NAB: Recently revised its forecast, now expecting the first rate cut in May 2025, delayed from an earlier prediction of February. • Westpac: Similarly, has adjusted its forecast to a May 2025 rate cut, moving from an earlier expectation of February. What does this mean for you? Lower rates could create opportunities for homeowners and investors. 🏡 Now is the time to ensure your strategy is ready to seize the moment. Let’s review your options and prepare you for what’s ahead! #interestrates #mortgageadvice #homeloanexpert #financetips

Westpac Delays Interest Rate Cut Forecasts to May 2025. Westpac has revised its forecast for the Reserve Bank of Australia's (RBA) first interest rate cut, moving the expected date from February to May 2025. This adjustment aligns with NAB's recent prediction, indicating a trend among major banks to anticipate a later easing of monetary policy. Their updated projection sees the cash rate dropping to 3.35% by December 2025, compared to today’s 4.35%. How do you think this shift in expectations will impact the housing market?

📊 Exciting predictions are emerging from the Australian banking sector regarding interest rates. Let me summarise this article for you. CBA and Westpac anticipate four 0.25% cuts by the end of 2025, bringing the cash rate to 3.35%. Meanwhile, NAB forecasts five cuts, aiming for a cash rate of 3.1% by early 2026. On the other hand, ANZ predicts three cuts in 2025, landing at 3.60% by year-end. As these changes unfold, it's essential for borrowers to stay informed and consider their options. Let’s connect to discuss how these potential shifts could impact your financial strategy! 💼🔍 #InterestRates #Finance #BankingInsights #Reservebank #Ratecuts

Our big 4 banks suggest interest rates are heading ↘ down (soon). Do you see this next 55+ days as a potential "buying window"? The Reserve Bank's next board meeting is 4 & 5th Nov, 2024. The market is divided on the timing of any rate relief with the major banks’ current cash rate forecasts as follows. 🏡 CBA: Start December 24, in total down to 3.10% 🏡 Westpac: Start February 25, in total down to 3.35% 🏡 ANZ: Start February 25, in total down to 3.60%. 🏡 NAB: Start May 25, in total down to 3.10% Would you need to see a fundamental change to affordability and rising prices to have confidence to enter the market again? Or, does the downward projectory forecast fill you with the confidence required to double down? There is a smarter way to buy property.

The banks have changed their position on rate cuts! Since recent data was revealed, the big four have changed their minds on rate forecasts. All 4 are now agreeing to February 2025 it is for the first cut. The Big Four forecast: ● ANZ: First cut in February, 0.75 per cent worth of cuts by December 2025, cash rate of 3.60 per cent ● Commonwealth Bank: First cut in February, 1.25 per cent worth of cuts by December 2025, cash rate of 3.10 per cent ● NAB: First cut in February, 1.25 per cent worth of cuts by June 2026, cash rate of 3.10 per cent ● Westpac: First cut in February, 1.0 per cent worth of cuts by December 2025, cash rate of 3.35 per cent

The Reserve Bank have announced that they will leave interest rates on hold at 4.35% this month While most major banks are continuing an expect trajectory with the first cut expected later in the year, likely November, ANZ have pushed out their trajectory until February 2025 #interestrates #rba #property #realestate #sydney

Homeowners, are you keeping a close eye on the Reserve Bank of Australia (RBA)?  You're not alone!  🏡 After holding the cash rate steady at 4.35% since November 2023, many are wondering when the RBA might give borrowers a break.  While inflation has eased to its lowest level in three years (2.7% in August 📉), the RBA wants to see a consistent trend before making any moves.  The Big Four banks also have varying forecasts. Commonwealth Bank was optimistic about a December 2024 cut, while NAB, Westpac, and ANZ are eyeing February 2025.  So, what does this mean for you?  👉 Read the full blog to get the details on interest rate predictions and how you can prepare!  https://lnkd.in/gY-6-PKi  #InterestRates #MortgageTips #FinanceUpdates #HomeLoans #RBADecisions 

With the Reserve Bank of Australia (RBA) holding the cash rate at 4.35% since November, investors might wonder when relief could come. The big four banks have offered varying predictions: Westpac now expects a rate cut in February 2025, Commonwealth Bank anticipates December 2024, while ANZ and NAB forecast cuts in May and June 2025, respectively.  Meanwhile, the housing market has continued to grow, despite high interest rates. This is partly because of a low supply of homes combined with high demand creating competition among buyers. If the RBA cuts rates, affordability will improve and more people will be able to enter the market. This increased competition could put further upward pressure on home values with Domain predicting a 3 to 6% increase for houses and 2 to 4% increase for units in the 2024-25 financial year. 

With the Reserve Bank of Australia (RBA) holding the cash rate at 4.35% since November, investors might wonder when relief could come. The big four banks have offered varying predictions: Westpac now expects a rate cut in February 2025, Commonwealth Bank anticipates December 2024, while ANZ and NAB forecast cuts in May and June 2025, respectively. Meanwhile, the housing market has continued to grow, despite high interest rates. This is partly because of a low supply of homes combined with high demand creating competition among buyers. If the RBA cuts rates, affordability will improve and more people will be able to enter the market. This increased competition could put further upward pressure on home values with Domain predicting a 3 to 6% increase for houses and 2 to 4% increase for units in the 2024-25 financial year.