All of the big four banks have moved swiftly to pass on the cut to variable home loan customers. While the savings won’t take effect until between May 30th and June 3rd, the rate drop is already bolstering confidence and aiding overall market sentiment. For buyers, this translates to more favourable lending conditions and increased borrowing capacity which is welcome news whether you’re upsizing, downsizing or making your first move.

For a typical mortgage of $500,000, the 0.25% cut equates to a saving of around $75 per month. On the borrowing side, it could mean an extra $30,000 to $40,000 in borrowing power, opening the door to more options — particularly helpful for first-home buyers and those with tight budget parameters.

Looking ahead, the outlook is equally encouraging. Market expectations point to another 2–3 rate cuts over the next 12 months, with a projected cash rate floor of around 3.10%. The banks are backing this view with their current 1- to 3-year fixed rates, which sit below most variable options, suggesting they’re already pricing in future cuts.

PPD Money sees this a strong signal with lenders looking to lock in customers now, offering immediate savings and rate certainty ahead of any further action from the RBA.

PPD Money Director Adam Rakowski says, “Supply is still an issue in the market with well-presented and well-positioned properties transacting relatively quickly. That being the case, the buyers who are winning are those with flexibility in their budget. With this in mind, there has never been a more important time to be confident in your options when it comes to lenders and borrowing capacity. PPD Money has access to over 50 lenders, some of whom can provide approval within 24 hours to put you in the best position to buy.”

If you’d like to find out more about how PPD Money can help you achieve your goals and get ahead of the pack, please contact Adam on 0407 455 553.

This week, the sales team secured 16 sales with an average price of $2.8m and listed 14 new properties and the management team secure 10 tenancies and listed 12 new properties for lease. Check out the full details of our listings below and please don’t hesitate to reach out if you’d like any further information.