MoneyQuest’s September Cash Rate Update

By Ellen Mathews posted on September 06, 2022

Spring is in the air, the sun is out and so is the latest cash rate figure.

As expected the cash rate has been increased yet again, this time by 50 basis points, making the official cash rate 2.35%. This marks the fifth consecutive cash rate rise, further emphasising the RBA Board’s intention to quell rising inflation as quickly as possible.

Further increases are expected until at least the end of the year, and this, together with the rising cost of living is a concern for many Australians right now.

But the good news is, our team of MoneyQuest mortgage brokers are here to help. We can discuss your home loan options with you and provide the facts (and some perspective) around your mortgage repayments.

So if you’d like to chat to a mortgage professional or are considering a home loan spring clean, contact our team to find out how we may be able to help you amid this rising interest rate environment.

To see the media release detailing the latest cash rate decision, click here.

Disclaimer:

This article is written to provide a summary and general overview of the subject matter covered for your information only. Every effort has been made to ensure the information in the article is current, accurate and reliable. This article has been prepared without taking into account your objectives, personal circumstances, financial situation or needs. You should consider whether it is appropriate for your circumstances. You should seek your own independent legal, financial and taxation advice before acting or relying on any of the content contained in the articles and review any relevant Product Disclosure Statement (PDS), Terms and Conditions (T&C) or Financial Services Guide (FSG).

Please consult your financial advisor, solicitor or accountant before acting on information contained in this publication.

Our Services

Loan Calculators

MoneyQuest’s September Cash Rate Update