In this month’s Finder RBA Cash Rate Survey™, 41 experts and economists weighed in on future cash rate moves and other issues relating to the state of the economy.

The overwhelming majority (88%, 36/41) correctly tipped the easing from 4.10% to 3.85%.

According to ABS data, the average owner-occupier home loan stands at $659,920 as of March 2025. A reduction of 50 basis points would mean $213 in monthly savings and $2,553 in annual savings.

Finder’s survey found that 3 in 4 experts* (73%, 24/33) forecast 2 or more cuts in the next 12 months.

If the cash rate is cut a further 50 points, the average homeowner would be paying $420 less per month and $5,044 less per year in interest.

Graham Cooke, head of consumer research at Finder, said today’s cut is by no means the end.

“Frankly, two cuts might not be enough to ease the spike in mortgage stress we’ve seen since the cash rate started rising again in May 2022.

“But it’s a step in the right direction and it’s great news for homeowners. It’s two down and maybe two more to go this year.

“On an average home loan, if your bank passes on both rate cuts in full, you could be saving almost $2,600 per year.”

Cooke said, rate changes show the value of being on a lower rate, even if it is just a bit lower.

“There is a 40-point difference between the average and lowest rate available. You can potentially give yourself nearly 2 rate cuts by getting on the front foot and switching.”

Full Article: Finder