Homebuyers \u2013 check with your mortgage broker to find out if this changes your borrowing capacity or anticipated repayments.<\/p>\n
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Homeowners \u2013 check with your lender to see if the rate cut will be passed on to you.<\/p>\n
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The Reserve Bank of Australia (RBA) has reduced the official cash rate by 25 basis points to 3.60% following its most recent board meeting on 12 August 2025.<\/p>\n
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This is the third rate cut this year after the most recent high of 4.35% though most of 2024. The RBA\u2019s June 2025<\/a> average for home loan rates put them at 5.8%, down from a high of 6.3% in February.<\/p>\n <\/p>\n What this could mean for homebuyers<\/strong><\/p>\n <\/p>\n Lower interest rates and government policies that support first homebuyers or people on low incomes could make the housing market more accessible.<\/p>\n <\/p>\n However, with more potential buyers looking there could be more competition to secure properties on the market.<\/p>\n <\/p>\n Thinking of buying?<\/strong><\/p>\n <\/p>\n Contact our Sales Centre on 1300 334 524 to speak with a consultant about the options available.<\/p>\n <\/p>\n Help getting into the market<\/strong><\/p>\n <\/p>\n There are a range of programs from the Victorian and Australian governments to help people purchase a home to live in.<\/p>\n <\/p>\n Programs may have limited places so check with the relevant department or your mortgage broker to see what is currently available.<\/p>\n <\/p>\n Check your eligibility<\/strong><\/p>\n <\/p>\n If you\u2019re considering applying, please read the information from the relevant government department or agency carefully and seek assistance to understand your obligations.<\/p>\n <\/p>\n Government programs are subject to change and up to date information about the policies and programs should be sought directly from the organisation administering the policy.<\/p>\n <\/p>\n \u00a0<\/p>\n <\/p>\n Learn more about support available for homebuyers in Australia and Victoria<\/strong><\/p>\n <\/p>\n \u00a0<\/p>\n <\/p>\n Australian Government Homebuying Programs<\/strong><\/p>\n <\/p>\n Housing Australia \u2013 Home Guarantee Scheme<\/a><\/p>\n <\/p>\n Housing Australia \u2013 Regional First Home Buyer Guarantee<\/a><\/p>\n <\/p>\n Housing Australia \u2013 Help to Buy scheme<\/a><\/p>\n <\/p>\n Housing Australia \u2013 Family Home Guarantee (single parents)<\/a><\/p>\n <\/p>\n Housing Australia \u2013 Tools and resources<\/a><\/p>\n <\/p>\n Treasury \u2013 Supporting people into home ownership<\/a><\/p>\n <\/p>\n Australian Taxation Office \u2013 First home super saver scheme<\/a><\/p>\n <\/p>\n \u00a0<\/p>\n <\/p>\n Victorian Government Homebuyer Programs\u00a0<\/strong><\/p>\n <\/p>\n Housing Victoria \u2013 Home Ownership<\/a><\/p>\n <\/p>\n Housing Victoria \u2013 Help to buy a home<\/a><\/p>\n <\/p>\n State Revenue Office \u2013 Buying a property<\/a><\/p>\n <\/p>\n State Revenue Office \u2013 Homebuyer Fund<\/a><\/p>\n <\/p>\n State Revenue Office \u2013 First Home Owner<\/a><\/p>\n <\/p>\n