How a rate change flows through
When the RBA moves the cash rate, lenders decide whether and how much to pass on to variable rates.
What a 0.25% move is worth
On a $600,000 loan over 30 years, a 0.25% change moves repayments by about $100 a month.
Illustrative only. Check your own loan for exact figures.
What to do now
If rates fall, consider keeping your repayments the same to pay the loan down faster. If they rise, check your budget and whether a better rate is available elsewhere.
"Whatever the RBA does, the bigger saving is usually the gap between your rate and what lenders offer new customers. That's worth checking every year."
Anthony Nocon, Financeo
Quick self-check
Tick what applies to you. It's a rough guide, not an assessment.
Frequently asked questions
This article is general information only and doesn't take your circumstances into account. Lending rules, rates and thresholds change, so check current details or speak with us before acting.
Founder and Director of Financeo. More than a decade in lending, including commercial, business, property and private banking roles at Commonwealth Bank.
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